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

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

The Asian solid fuel furnace burner market rose to $X in 2021, with an increase of 2.9% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Asia

In value terms, solid fuel furnace burner production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Asia

In 2021, overseas shipments of furnace burners for solid fuel or gas decreased by -7% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of 19%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner exports contracted significantly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 23%. Over the period under review, the exports reached the maximum at $X in 2020, and then declined dramatically in the following year.

Exports by Country

China was the major exporting country with an export of around X tons, which recorded 57% of total exports. It was distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and India (X tons), together constituting a 30% share of total exports. The following exporters - South Korea (X tons) and Malaysia (X tons) - together made up 6.4% of total exports.

Exports from China decreased at an average annual rate of -7.1% from 2012 to 2021. At the same time, the United Arab Emirates (+23.8%), India (+10.5%), Turkey (+10.4%) and Malaysia (+4.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +23.8% from 2012-2021. By contrast, Taiwan (Chinese) (-2.0%) and South Korea (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Turkey and India increased by +10, +5.2 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solid fuel furnace burner supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by Turkey ($X), with an 8.9% share of total exports. It was followed by South Korea, with a 7.4% share.

In China, solid fuel furnace burner exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+9.2% per year) and South Korea (-1.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with a decrease of -23.1% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 increased by +18.0% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 32%. As a result, the export price reached the peak level of $X per ton, and then dropped significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Asia

After two years of growth, purchases abroad of furnace burners for solid fuel or gas decreased by -28.7% to X tons in 2021. Over the period under review, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. The volume of import peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, solid fuel furnace burner imports dropped rapidly to $X in 2021. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons), Turkey (X tons) and Indonesia (X tons) represented the main importer of furnace burners for solid fuel or gas in Asia, committing 46% of total import. The United Arab Emirates (X tons) ranks next in terms of the total imports with a 7.6% share, followed by Malaysia (5.4%) and Oman (4.9%). The following importers - Vietnam (X tons), South Korea (X tons), Thailand (X tons), Kazakhstan (X tons), India (X tons), Japan (X tons) and Iran (X tons) - together made up 23% of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Asia, comprising 30% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Thailand, with a 6.4% share.

In China, solid fuel furnace burner imports declined by an average annual rate of -4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+4.0% per year) and Thailand (+13.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 16% against the previous year. In general, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Thailand ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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