Report Update Nov 1, 2024

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

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Hong Kong SAR, China: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in the Hong Kong solid fuel furnace burner market, when its value increased by 14% to $X. In general, consumption, however, saw a deep contraction. Solid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Furnace Burners For Solid Fuel Or Gas in Hong Kong SAR, China

In value terms, solid fuel furnace burner production totaled $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Hong Kong SAR, China

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported from Hong Kong SAR; growing by 1,610% on the year before. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner exports skyrocketed to $X in 2021. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for solid fuel furnace burner exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +40.9%.

In value terms, China ($X) also remains the key foreign market for solid fuel furnace burner exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China stood at +35.2%.

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, dropping by -1.6% against the previous year. Overall, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2018 an increase of 6.6% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -4.0% per year.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Hong Kong SAR, China

In 2021, the amount of furnace burners for solid fuel or gas imported into Hong Kong SAR soared to X tons, increasing by 762% on the year before. Overall, imports posted temperate growth. The pace of growth was the most pronounced in 2018 when imports increased by 800%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, solid fuel furnace burner imports surged to $X in 2021. Over the period under review, imports saw a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of 831% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Italy (X tons), Japan (X tons) and China (X tons) were the main suppliers of solid fuel furnace burner imports to Hong Kong SAR, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +68.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest solid fuel furnace burner suppliers to Hong Kong SAR were Italy ($X), Japan ($X) and China ($X), together accounting for 99% of total imports.

Japan, with a CAGR of +64.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.2%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), 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 solid fuel or gas in the world?

The country with the largest volume of solid fuel furnace burner consumption was China, accounting for 24% of total volume. Moreover, solid fuel furnace burner consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands, twofold. The third position in this ranking was occupied by India, with a 9.2% share.

What are the largest producers of furnace burners for solid fuel or gas in the world?

The country with the largest volume of solid fuel furnace burner production was China, accounting for 31% of total volume. Moreover, solid fuel furnace burner production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8.2% share.

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

In value terms, the largest solid fuel furnace burner suppliers to Hong Kong SAR were Italy, Japan and China, with a combined 99% share of total imports.

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

In value terms, Canada, Italy and the Netherlands constituted the largest markets for solid fuel furnace burner exported from Hong Kong SAR worldwide, with a combined 79% share of total exports. These countries were followed by Malaysia, Pakistan, Denmark and the Philippines, which together accounted for a further 14%.

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

In 2021, the average solid fuel furnace burner export price amounted to $29,445 per ton, with a decrease of -82.3% against the previous year.

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

In 2021, the average solid fuel furnace burner import price amounted to $33,146 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the market for solid 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 28211150 - Furnace burners for solid fuel or gas (including combination burners)

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