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

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

In 2021, the Scandinavia solid fuel furnace burner market decreased by -16.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Scandinavia

In value terms, solid fuel furnace burner production reached $X in 2021 estimated in export price. In general, production faced a drastic downturn. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Scandinavia

In 2021, solid fuel furnace burner exports in Scandinavia dropped slightly to X tons, flattening at 2020 figures. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 144%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports reduced notably to $X in 2021. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 20%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Finland was the key exporter of furnace burners for solid fuel or gas in Scandinavia, with the volume of exports accounting for X tons, which was near 59% of total exports in 2021. Sweden (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (9.6%) and Norway (6.7%).

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner exports from Finland stood at -7.6%. At the same time, Norway (+32.0%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +32.0% from 2012-2021. By contrast, Sweden (-7.0%) and Denmark (-11.6%) illustrated a downward trend over the same period. Norway (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Denmark saw its share reduced by -1.8% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest solid fuel furnace burner supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total exports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland amounted to -8.8%. In the other countries, the average annual rates were as follows: Sweden (-5.6% per year) and Denmark (-15.3% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, declining by -24.5% against the previous year. In general, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 283% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Scandinavia

In 2021, after three years of growth, there was significant decline in supplies from abroad of furnace burners for solid fuel or gas, when their volume decreased by -33.3% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 73% against the previous year. The volume of import peaked at X tons in 2020, and then fell sharply in the following year.

In value terms, solid fuel furnace burner imports declined to $X in 2021. Overall, imports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2014 with an increase of 64%. The level of import peaked at $X in 2020, and then fell in the following year.

Imports by Country

Denmark represented the main importing country with an import of around X tons, which finished at 44% of total imports. It was distantly followed by Sweden (X tons), Finland (X tons) and Norway (X tons), together creating a 56% share of total imports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +12.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Denmark ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Scandinavia, comprising 60% of total imports. The second position in the ranking was held by Sweden ($X), with an 18% share of total imports. It was followed by Norway, with a 15% share.

In Denmark, solid fuel furnace burner imports expanded at an average annual rate of +12.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+7.8% per year) and Norway (-4.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 33% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the import price increased by 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform