Report Update Nov 1, 2024

Hong Kong SAR, China - Furnace Burners for Liquid Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Hong Kong SAR, China

The Hong Kong liquid fuel furnace burner market declined markedly to $X in 2021, waning by -25.2% against the previous year. Overall, consumption, however, enjoyed a mild increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Furnace Burners For Liquid Fuel in Hong Kong SAR, China

In value terms, liquid fuel furnace burner production dropped notably to $X in 2021 estimated in export price. Overall, production, however, posted a measured expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 109% against the previous year. As a result, production attained the peak level of $X, and then plummeted in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Hong Kong SAR, China

In 2021, liquid fuel furnace burner exports from Hong Kong SAR contracted remarkably to X kg, with a decrease of -58.6% on 2020. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 111% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports reduced rapidly to $X in 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 94% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X kg) and China (X kg) were the main destinations of liquid fuel furnace burner exports from Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of 0.0%).

In value terms, the largest markets for liquid fuel furnace burner exported from Hong Kong SAR were Japan ($X) and China ($X).

Japan, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, increasing by 5.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 when the average export price increased by 17%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%).

Imports of Furnace Burners For Liquid Fuel

Imports into Hong Kong SAR, China

In 2021, approx. X tons of furnace burners for liquid fuel were imported into Hong Kong SAR; increasing by 55% on the year before. In general, imports, however, faced a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by 752% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. Overall, imports, however, recorded a sharp descent. The growth pace was the most rapid in 2017 when imports increased by 744%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest liquid fuel furnace burner supplier to Hong Kong SAR, with a 81% share of total imports. Moreover, liquid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +61.4%.

In value terms, China ($X) constituted the largest supplier of furnace burners for liquid fuel to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +60.5%.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price recorded a mild decline. The growth pace was the most rapid in 2013 an increase of 4% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Italy, Japan, Nigeria, Spain, Germany, Canada, South Korea and the UK, which together accounted for a further 26%.

What are the largest producers of furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, together comprising 55% of global production. India, Japan, Germany and South Korea lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of furnace burners for liquid fuel to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of liquid fuel furnace burner to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was occupied by the United States, with a 19% share of total imports.

What are the leading importers of furnace burners for liquid fuel from Hong Kong SAR, China?

In value terms, the largest markets for liquid fuel furnace burner exported from Hong Kong SAR were Japan and China.

What is the average export price for furnace burners for liquid fuel in Hong Kong SAR, China?

In 2021, the average liquid fuel furnace burner export price amounted to $32,762 per ton, picking up by 5.6% against the previous year.

What is the average import price for furnace burners for liquid fuel in Hong Kong SAR, China?

In 2021, the average liquid fuel furnace burner import price amounted to $28,971 per ton, which is down by -3.2% against the previous year.

This report provides an in-depth analysis of the market for liquid fuel furnace burner in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211130 - Furnace burners for liquid fuel

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023