Malaysia: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Malaysia

In 2021, the Malaysian liquid fuel furnace burner market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Furnace Burners For Liquid Fuel

Exports from Malaysia

In 2021, approx. X tons of furnace burners for liquid fuel were exported from Malaysia; increasing by 86% compared with the previous year. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 884%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 725% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for liquid fuel furnace burner exports from Malaysia, with a 50% share of total exports. Moreover, liquid fuel furnace burner exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Australia (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+58.6% per year) and Australia (+21.1% per year).

In value terms, Thailand ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Malaysia, comprising 61% of total exports. The second position in the ranking was taken by Singapore ($X), with a 28% share of total exports. It was followed by Vietnam, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-8.1% per year) and Vietnam (-30.5% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, rising by 85% against the previous year. Over the period under review, the export price recorded a resilient increase. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Malaysia

In 2021, overseas purchases of furnace burners for liquid fuel increased by 962% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main liquid fuel furnace burner supplier to Malaysia, accounting for a 94% share of total imports. It was followed by Italy (X tons), with a 1.5% share of total imports. Indonesia (X tons) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.7% per year) and Indonesia (-27.0% per year).

In value terms, China ($X) constituted the largest supplier of furnace burners for liquid fuel to Malaysia, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 5.4% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.9% per year) and the United States (-19.7% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, declining by -57.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :