Scandinavia: Furnace Burner Market 2024

Furnace Burner Market Size in Scandinavia

The Scandinavia furnace burner market surged to $X in 2021, with an increase of 110% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Furnace Burner Production in Scandinavia

In value terms, furnace burner production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Furnace Burner Exports

Exports in Scandinavia

In 2021, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exported in Scandinavia contracted rapidly to X tons, declining by -27.6% against 2020. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 83% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, furnace burner exports dropped significantly to $X in 2021. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 53%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Finland (X tons), Denmark (X tons) and Sweden (X tons), together amounting to 95% of total export. It was distantly followed by Norway (X tons), comprising a 5.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +23.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest furnace burner supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Denmark ($X), together accounting for 97% of total exports. Norway lagged somewhat behind, accounting for a further 3.3%.

Norway, with a CAGR of +16.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 19%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($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.

Furnace Burner Imports

Imports in Scandinavia

After two years of growth, overseas purchases of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by -18.7% to X tons in 2021. Overall, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 46%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, furnace burner imports fell to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 33%. The level of import peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Denmark (X tons), distantly followed by Norway (X tons), Sweden (X tons) and Finland (X tons) represented the key importers of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together constituting 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +2.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Denmark ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Scandinavia, comprising 49% of total imports. The second position in the ranking was taken by Norway ($X), with a 24% share of total imports. It was followed by Sweden, with a 20% share.

In Denmark, furnace burner imports expanded at an average annual rate of +5.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-4.3% per year) and Sweden (-0.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 7.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2014 an increase of 31%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Norway (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform