New Zealand: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in New Zealand

After three years of growth, the New Zealand liquid fuel furnace burner market decreased by X% to $X in 2022. In general, consumption, however, saw a mild expansion. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from New Zealand

In 2022, approx. X units of furnace burners for liquid fuel were exported from New Zealand; remaining constant against the previous year. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports rose notably to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for liquid fuel furnace burner exports from New Zealand, accounting for a X% share of total exports. Moreover, liquid fuel furnace burner exports to Australia exceeded the volume sent to the second major destination, Fiji (X units), ninefold. The third position in this ranking was held by Papua New Guinea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and Papua New Guinea (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total exports. It was followed by Fiji, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the average liquid fuel furnace burner export price amounted to $X per unit, growing by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liquid fuel furnace burner export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Fiji ($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 Kiribati (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into New Zealand

In 2022, supplies from abroad of furnace burners for liquid fuel decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, liquid fuel furnace burner imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of liquid fuel furnace burner to New Zealand, with a X% share of total imports. Moreover, liquid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the UK ($X), Italy ($X) and the Netherlands ($X) constituted the largest liquid fuel furnace burner suppliers to New Zealand, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average liquid fuel furnace burner import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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