Report Update: May 1, 2024

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

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Price for Liquid Fuel Furnace Burner in the Philippines - 2023

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

In 2022, the average liquid fuel furnace burner import price amounted to $186 per unit, with an increase of 4.5% against the previous year. Overall, the import price showed a measured increase. The pace of growth was the most pronounced in 2015 an increase of 83%. Over the period under review, average import prices reached the peak figure at $192 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($186 per unit) and Japan ($186 per unit), while the price for South Korea ($186 per unit) and China ($186 per unit) were amongst the lowest.

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

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

In 2022, the average liquid fuel furnace burner export price amounted to $183 per unit, surging by 37% against the previous year. Overall, the export price, however, saw a mild descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $347 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -1.9% per year.

Imports of Liquid Fuel Furnace Burner in the Philippines

In 2022, approx. 7.2K units of furnace burners for liquid fuel were imported into the Philippines; with an increase of 28% against 2021 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 216%. As a result, imports reached the peak of 8.2K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports soared to $1.3M in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 233%. As a result, imports reached the peak of $1.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Liquid Fuel Furnace Burner in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	15.9	20.4	2.8	951	291.1%
China	61.8	72.3	83.0	180	42.8%
South Korea	12.2	52.7	98.6	46.3	56.0%
Germany	41.8	430	483	39.6	-1.8%
Finland	N/A	N/A	N/A	39.3	0%
Japan	50.4	93.6	12.2	24.2	-21.7%
Malaysia	1.7	4.4	3.0	20.7	130.1%
Singapore	22.4	145	90.9	N/A	101.4%
Others	264	747	227	42.0	-45.8%
Total	470	1,564	1,001	1,343	41.9%

Top Suppliers of Liquid Fuel Furnace Burner to the Philippines in 2022:

Taiwan (Chinese) (5111.0 units)
China (967.0 units)
South Korea (249.0 units)
Germany (213.0 units)
Finland (211.0 units)
Japan (130.0 units)
Malaysia (111.0 units)

Exports of Liquid Fuel Furnace Burner in the Philippines

In 2022, overseas shipments of furnace burners for liquid fuel decreased by -98.6% to 1 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 73 units, and then reduced sharply in the following year.

In value terms, liquid fuel furnace burner exports contracted remarkably to $226 in 2022. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. The exports peaked at $9.8K in 2021, and then dropped markedly in the following year.

Export of Liquid Fuel Furnace Burner in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guam	N/A	N/A	N/A	0.2	0%
Switzerland	0.9	N/A	N/A	N/A	0%
New Caledonia	N/A	1.5	N/A	N/A	0%
Singapore	0.5	6.6	9.5	N/A	335.9%
Czech Republic	6.3	N/A	N/A	N/A	0%
Palau	N/A	0.6	0.3	N/A	-50.0%
Others	N/A	N/A	N/A	N/A	0%
Total	7.8	8.7	9.8	0.2	-70.5%

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

Guam (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquid fuel furnace burner in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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