Hong Kong SAR, China: Market for Furnace Burners For Liquid Fuel 2025

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

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