Myanmar: Furnace Burner Market 2025

Furnace Burner Market Size in Myanmar

The Myanmar's furnace burner market dropped to $X in 2021, reducing by -6% against the previous year. Over the period under review, consumption saw a mild descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Furnace Burner Production in Myanmar

In value terms, furnace burner production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 118%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Furnace Burner Exports

Exports from Myanmar

After two years of decline, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by 0% to X tons in 2016. Overall, exports posted a significant expansion. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2016 and are expected to retain growth in years to come.

In value terms, furnace burner exports stood at $X in 2016. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2016 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for furnace burner exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Malaysia was relatively modest.

From 2013 to 2016, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

In 2016, the average furnace burner export price amounted to $X per ton, remaining constant against the previous year. In general, the export price recorded a dramatic contraction. The most prominent rate of growth was recorded in 2014 a decrease of 99.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2016, the export prices stood at a somewhat lower figure.

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

From 2013 to 2016, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Furnace Burner Imports

Imports into Myanmar

In 2021, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers imported into Myanmar surged to X tons, growing by 67% against 2020. In general, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 120%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, furnace burner imports soared to $X in 2021. Overall, imports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 105% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X kg) were the main suppliers of furnace burner imports to Myanmar, together comprising 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +39.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest furnace burner suppliers to Myanmar were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 69% of total imports. These countries were followed by Japan, India and Vietnam, which together accounted for a further 25%.

In terms of the main suppliers, Vietnam, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average furnace burner import price amounted to $X per ton, waning by -8.7% against the previous year. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :