South-Eastern Asia: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in South-Eastern Asia

In 2021, after four years of growth, there was decline in the Southeast Asian liquid fuel furnace burner market, when its value decreased by -4.3% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Furnace Burners For Liquid Fuel in South-Eastern Asia

In value terms, liquid fuel furnace burner production dropped dramatically to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 59% against the previous year. The level of production peaked at $X in 2020, and then dropped remarkably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports in South-Eastern Asia

In 2021, overseas shipments of furnace burners for liquid fuel decreased by -46.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 1,186% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports declined rapidly to $X in 2021. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 319% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) and Indonesia (X tons) represented roughly 71% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 22% share of total exports. Vietnam (X kg) and Thailand (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +1.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) emerged as the largest liquid fuel furnace burner supplier in South-Eastern Asia, comprising 46% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total exports. It was followed by Indonesia, with a 21% share.

In Singapore, liquid fuel furnace burner exports plunged by an average annual rate of -9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-7.5% per year) and Indonesia (+0.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, waning by -21.4% against the previous year. Overall, the export price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2019 an increase of 234%. The level of export peaked at $X per ton in 2020, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the other leaders experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports in South-Eastern Asia

In 2021, imports of furnace burners for liquid fuel in South-Eastern Asia surged to X tons, with an increase of 127% compared with 2020. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 203%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports surged to $X in 2021. Overall, imports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malaysia was the key importing country with an import of about X tons, which reached 55% of total imports. Indonesia (X tons) took the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took approx. 36% share of total imports. The following importers - Thailand (X tons) and the Philippines (X tons) - each amounted to a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together comprising 71% of total imports. These countries were followed by Indonesia and the Philippines, which together accounted for a further 22%.

The Philippines, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, waning by -45.6% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 48%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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