Thailand: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Thailand

The Thai liquid fuel furnace burner market fell modestly to $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt downturn. Liquid fuel furnace burner consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Thailand

Liquid fuel furnace burner exports from Thailand dropped sharply to X kg in 2021, waning by -87.9% compared with the previous year. Overall, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2019 when exports increased by 676% against the previous year. 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 reduced rapidly to $X in 2021. In general, exports faced a sharp descent. The pace of growth appeared the most rapid in 2019 when exports increased by 622% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), the Philippines (X kg) and Singapore (X kg) were the main destinations of liquid fuel furnace burner exports from Thailand, with a combined 81% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +6.3%), while the other leaders experienced a decline.

In value terms, the Philippines ($X), Singapore ($X) and the United Arab Emirates ($X) were the largest markets for liquid fuel furnace burner exported from Thailand worldwide, together comprising 77% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +9.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, which is down by -42.7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the United Arab Emirates ($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 Cote d'Ivoire (+82.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Thailand

Liquid fuel furnace burner imports into Thailand dropped to X tons in 2021, with a decrease of -14.9% on the year before. Over the period under review, imports faced a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports declined to $X in 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 127% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of liquid fuel furnace burner to Thailand, accounting for a 50% share of total imports. Moreover, liquid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.9% per year) and Germany (-17.4% per year).

In value terms, Italy ($X), Germany ($X) and Japan ($X) appeared to be the largest liquid fuel furnace burner suppliers to Thailand, with a combined 72% share of total imports. China, Sweden, Finland and the United States lagged somewhat behind, together comprising a further 23%.

China, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of imports, among 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 liquid fuel furnace burner import price stood at $X per ton in 2021, growing by 7.5% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid fuel furnace burner import price increased by +75.8% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 64% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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