Norway: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Norway

The Norwegian liquid fuel furnace burner market contracted remarkably to $X in 2022, waning by X% against the previous year. Overall, consumption showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Furnace Burners For Liquid Fuel in Norway

In value terms, liquid fuel furnace burner production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from Norway

In 2022, approx. X units of furnace burners for liquid fuel were exported from Norway; jumping by X% against 2021 figures. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, liquid fuel furnace burner exports soared to $X in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for liquid fuel furnace burner exports from Norway, with a X% share of total exports. Moreover, liquid fuel furnace burner exports to the Netherlands exceeded the volume sent to the second major destination, Namibia (X units), threefold. Sweden (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Sweden (X% per year).

In value terms, the largest markets for liquid fuel furnace burner exported from Norway were the Netherlands ($X), Germany ($X) and Sweden ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average liquid fuel furnace burner export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Liquid Fuel

Imports into Norway

In 2022, overseas purchases of furnace burners for liquid fuel increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Italy (X units) were the main suppliers of liquid fuel furnace burner imports to Norway, together comprising X% of total imports. Austria, China, Denmark, the UK, Finland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of furnace burners for liquid fuel to Norway, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Italy (X% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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