Vietnam: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Vietnam

In 2021, after two years of decline, there was significant growth in the Vietnamese liquid fuel furnace burner market, when its value increased by 50% to $X. Overall, consumption recorded a strong increase. Liquid fuel furnace burner consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Vietnam

Liquid fuel furnace burner exports from Vietnam surged to X tons in 2021, jumping by 140% compared with the year before. In general, exports recorded modest growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,694%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 2,071% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for liquid fuel furnace burner exports from Vietnam, with a 40% share of total exports. Moreover, liquid fuel furnace burner exports to the Netherlands exceeded the volume sent to the second major destination, Malaysia (X kg), threefold. Japan (X kg) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-13.3% per year) and Japan (-4.8% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Vietnam, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports. It was followed by Japan, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-10.6% per year) and Japan (-8.8% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, which is down by -22.8% against the previous year. In general, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 23%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Saudi Arabia (+79.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Vietnam

In 2021, after two years of decline, there was significant growth in supplies from abroad of furnace burners for liquid fuel, when their volume increased by 43% to X tons. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 83% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 96%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest liquid fuel furnace burner supplier to Vietnam, accounting for a 36% share of total imports. Moreover, liquid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. France (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and France (+15.7% per year).

In value terms, China ($X) constituted the largest supplier of furnace burners for liquid fuel to Vietnam, comprising 35% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.7% per year) and France (+11.7% per year).

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, with an increase of 6.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 6.9%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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