Report Update: May 1, 2024

Malaysia - Furnace Burners For Liquid Fuel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Liquid Fuel Furnace Burner in Malaysia - 2021

Price for Liquid Fuel Furnace Burner in Malaysia (CIF) - 2022

In 2022, the average liquid fuel furnace burner import price amounted to $118 per unit, shrinking by -9.3% against the previous year. Overall, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 32% against the previous year. The import price peaked at $167 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,113 per unit), while the price for China ($97 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Fuel Furnace Burner in Malaysia (FOB) - 2022

In 2022, the average liquid fuel furnace burner export price amounted to $94 per unit, waning by -38.9% against the previous year. Overall, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $178 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($98 per unit), while the average price for exports to Indonesia totaled $64 per unit.

From 2012 to 2022, 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 Liquid Fuel Furnace Burner in Malaysia

In 2022, overseas purchases of furnace burners for liquid fuel decreased by -10% to 16K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Imports peaked at 17K units in 2021, and then declined in the following year.

In value terms, liquid fuel furnace burner imports fell notably to $1.8M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of $2.2M, and then shrank rapidly in the following year.

Import of Liquid Fuel Furnace Burner in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	103	570	1,600	1,413	139.4%
Italy	285	121	122	108	-27.6%
United Kingdom	203	271	105	98.6	-21.4%
South Korea	224	3.9	N/A	N/A	-98.3%
Taiwan (Chinese)	151	N/A	21.3	N/A	-62.4%
Others	492	455	400	215	-24.1%
Total	1,459	1,420	2,249	1,835	7.9%

Top Suppliers of Liquid Fuel Furnace Burner to Malaysia in 2022:

China (14.6K units)
Italy (0.5K units)
United Kingdom (0.2K units)

Exports of Liquid Fuel Furnace Burner in Malaysia

In 2022, liquid fuel furnace burner exports from Malaysia expanded remarkably to 1.3K units, picking up by 5.6% against the year before. Overall, exports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 86%. Over the period under review, the exports reached the peak figure at 1.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports reduced markedly to $119K in 2022. In general, exports, however, recorded a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 244%. As a result, the exports reached the peak of $184K, and then contracted notably in the following year.

Export of Liquid Fuel Furnace Burner in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	107	32.0	51.8	108	0.3%
Indonesia	1.2	2.5	6.5	10.6	106.7%
Thailand	N/A	14.0	111	N/A	692.9%
China	7.6	N/A	1.8	N/A	-51.3%
United Kingdom	8.1	N/A	N/A	N/A	0%
Australia	N/A	2.0	1.2	N/A	-40.0%
Others	5.3	2.9	11.0	N/A	44.1%
Total	130	53.4	184	119	-2.9%

Top Export Markets for Liquid Fuel Furnace Burner from Malaysia in 2022:

Singapore (1100.0 units)
Indonesia (165.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquid fuel furnace burner in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211130 - Furnace burners for liquid fuel

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023