Romania: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Romania

In 2021, after three years of growth, there was significant decline in the Romanian solid fuel furnace burner market, when its value decreased by -58.9% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Production of Furnace Burners For Solid Fuel Or Gas in Romania

In value terms, solid fuel furnace burner production reduced to $X in 2021 estimated in export price. Overall, production, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 595% against the previous year. Solid fuel furnace burner production peaked at $X in 2020, and then dropped in the following year.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Romania

In 2021, the amount of furnace burners for solid fuel or gas exported from Romania skyrocketed to X tons, increasing by 36% against the year before. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by 197%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, solid fuel furnace burner exports surged to $X in 2021. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for solid fuel furnace burner exports from Romania, accounting for a 75% share of total exports. Moreover, solid fuel furnace burner exports to the Netherlands exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+23.0% per year) and Italy (+60.2% per year).

In value terms, the Netherlands ($X), Turkey ($X) and Italy ($X) constituted the largest markets for solid fuel furnace burner exported from Romania worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +69.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, reducing by -2.1% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2020 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+23.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Romania

In 2021, the amount of furnace burners for solid fuel or gas imported into Romania declined dramatically to X tons, with a decrease of -31.6% against the previous year's figure. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 70% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports contracted notably to $X in 2021. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of solid fuel furnace burner imports to Romania, with a combined 55% share of total imports. These countries were followed by Greece, Turkey, China, Spain, Hungary and France, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +143.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to Romania, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.8% per year) and Spain (+149.5% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, which is down by -14.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 54% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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