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

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

The Asia-Pacific solid fuel furnace burner market expanded modestly to $X in 2021, surging by 2.2% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Asia-Pacific

In value terms, solid fuel furnace burner production rose significantly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Asia-Pacific

In 2021, shipments abroad of furnace burners for solid fuel or gas decreased by -17.8% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports contracted markedly to $X in 2021. In general, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2016 when exports increased by 29%. The level of export peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

China prevails in exports structure, recording X tons, which was near 72% of total exports in 2021. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by India (X tons) and South Korea (X tons). All these countries together held near 20% share of total exports. The following exporters - Malaysia (X tons) and Japan (X tons) - each finished at a 5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner exports from China stood at -7.1%. At the same time, India (+10.5%) and Malaysia (+4.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.5% from 2012-2021. By contrast, Taiwan (Chinese) (-2.0%), South Korea (-4.7%) and Japan (-13.0%) illustrated a downward trend over the same period. India (+5.4 p.p.), Taiwan (Chinese) (+2.5 p.p.) and Malaysia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -2.4% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solid fuel furnace burner supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was taken by Japan ($X), with an 8.6% share of total exports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (-13.3% per year) and South Korea (-1.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, reducing by -17.5% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. 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 +30.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 35%. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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-Pacific

In 2021, purchases abroad of furnace burners for solid fuel or gas decreased by -42.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. The volume of import peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, solid fuel furnace burner imports shrank significantly to $X in 2021. In general, imports saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and Indonesia (X tons) were the major importers of furnace burners for solid fuel or gas in 2021, amounting to approx. 30% and 21% of total imports, respectively. It was distantly followed by Malaysia (X tons), Vietnam (X tons), South Korea (X tons), Thailand (X tons), India (X tons) and Japan (X tons), together generating a 36% share 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 ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.8% share of total imports. It was followed by South Korea, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China totaled -4.4%. In the other countries, the average annual rates were as follows: Thailand (+13.1% per year) and South Korea (-7.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per ton), while Indonesia ($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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