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

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

The Slovak solid fuel furnace burner market was estimated at $X in 2021, growing by 3.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Slovakia

In 2021, shipments abroad of furnace burners for solid fuel or gas increased by 89% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 88% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for solid fuel furnace burner exports from Slovakia, with a 68% share of total exports. Moreover, solid fuel furnace burner exports to Germany exceeded the volume sent to the second major destination, Uzbekistan (X tons), fivefold. The third position in this ranking was taken by Austria (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+0.8% per year) and Austria (+29.2% per year).

In value terms, Germany ($X) remains the key foreign market for solid fuel furnace burner exports from Slovakia, comprising 54% of total exports. The second position in the ranking was taken by Belarus ($X), with a 12% share of total exports. It was followed by Uzbekistan, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+48.3% per year) and Uzbekistan (-3.9% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, reducing by -3.3% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner export price decreased by -15.9% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 91%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Slovakia

Solid fuel furnace burner imports into Slovakia expanded to X tons in 2021, with an increase of 4% against the year before. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports rose slightly to $X in 2021. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of solid fuel furnace burner imports to Slovakia, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +77.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to Slovakia, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports. It was followed by Italy, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+67.1% per year) and Italy (+9.8% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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