Indonesia: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Indonesia

After four years of growth, the Indonesian liquid fuel furnace burner market decreased by -11.9% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. Liquid fuel furnace burner consumption peaked at $X in 2020, and then dropped in the following year.

Production of Furnace Burners For Liquid Fuel in Indonesia

In value terms, liquid fuel furnace burner production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 106%. Liquid fuel furnace burner production peaked at $X in 2020, and then contracted rapidly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Indonesia

In 2021, overseas shipments of furnace burners for liquid fuel decreased by -69.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 9,908%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports shrank markedly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 8,534% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Malaysia (X tons) were the main destinations of liquid fuel furnace burner exports from Indonesia.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.8%).

In value terms, China ($X) remains the key foreign market for furnace burners for liquid fuel exports from Indonesia, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +5.0%.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, waning by -36.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 143% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-2.9%).

Imports of Furnace Burners For Liquid Fuel

Imports into Indonesia

Liquid fuel furnace burner imports into Indonesia soared to X tons in 2021, increasing by 44% against the year before. Overall, imports showed moderate growth. The most prominent rate of growth was recorded in 2019 when imports increased by 646% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports surged to $X in 2021. In general, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 321% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest liquid fuel furnace burner supplier to Indonesia, accounting for a 85% share of total imports. Moreover, liquid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold. Italy (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.5% per year) and Italy (-10.4% per year).

In value terms, China ($X), South Korea ($X) and Italy ($X) were the largest liquid fuel furnace burner suppliers to Indonesia, together comprising 80% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, falling by -9.6% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 55%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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