Philippines - Furnace Burners For Solid Fuel Or Gas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Solid Fuel Furnace Burner in the Philippines - 2023
Contents:
- Price for Solid Fuel Furnace Burner in the Philippines (CIF) - 2022
- Price for Solid Fuel Furnace Burner in the Philippines (FOB) - 2023
- Imports of Solid Fuel Furnace Burner in the Philippines
- Exports of Solid Fuel Furnace Burner in the Philippines
Price for Solid Fuel Furnace Burner in the Philippines (CIF) - 2022
The average solid fuel furnace burner import price stood at $439 per unit in 2022, reducing by -4.6% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. Over the period under review, average import prices reached the peak figure at $475 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($474 per unit), while the price for Vietnam ($111 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Solid Fuel Furnace Burner in the Philippines (FOB) - 2023
In March 2023, the average solid fuel furnace burner export price amounted to $543 per unit, leveling off at the previous month. In general, the export price showed a relatively flat trend pattern. The export price peaked at $543 per unit in September 2022; afterwards, it flattened through to March 2023.
As there is only one major export destination, the average price level is determined by prices for the UK.
From July 2022 to March 2023, the rate of growth in terms of prices for the UK amounted to 0.0% per month.
Imports of Solid Fuel Furnace Burner in the Philippines
In 2022, supplies from abroad of furnace burners for solid fuel or gas increased by 91% to 7.3K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, imports hit record highs at 11K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, solid fuel furnace burner imports skyrocketed to $3.2M in 2022. Overall, imports, however, continue to indicate a perceptible downturn. Imports peaked at $4.2M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
| Import of Solid Fuel Furnace Burner in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,343 | 123 | 99.1 | 1,775 | 9.7% |
| South Korea | 8.5 | 13.0 | 48.0 | 671 | 329.0% |
| United States | 129 | 50.9 | 82.3 | 161 | 7.7% |
| Austria | 397 | 312 | 158 | 151 | -27.5% |
| Japan | 120 | 14.6 | 69.7 | 94.0 | -7.8% |
| Vietnam | 3.0 | 1.1 | 0.1 | 78.5 | 196.9% |
| Indonesia | 2.5 | 4.0 | 6.5 | 65.3 | 196.7% |
| United Kingdom | 40.4 | 31.3 | 25.6 | 63.6 | 16.3% |
| Germany | 169 | 389 | 475 | 49.5 | -33.6% |
| Taiwan (Chinese) | 50.7 | 14.9 | 131 | 21.5 | -24.9% |
| Malaysia | 134 | 46.1 | 1.1 | 4.0 | -69.0% |
| Singapore | 153 | 0.6 | 13.4 | N/A | -70.4% |
| Others | 886 | 3,228 | 659 | 82.8 | -54.6% |
| Total | 3,436 | 4,229 | 1,769 | 3,217 | -2.2% |
Top Suppliers of Solid Fuel Furnace Burner to the Philippines in 2022:
- China (3744.0 units)
- South Korea (1415.0 units)
- Vietnam (704.0 units)
- United States (339.0 units)
- Austria (318.0 units)
- Japan (198.0 units)
- Indonesia (138.0 units)
- United Kingdom (134.0 units)
- Germany (104.0 units)
- Taiwan (Chinese) (45.0 units)
- Malaysia (8.0 units)
Exports of Solid Fuel Furnace Burner in the Philippines
In 2022, after two years of decline, there was significant growth in shipments abroad of furnace burners for solid fuel or gas, when their volume increased by 50% to 6 units. In general, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports reached the peak figure at 94 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, solid fuel furnace burner exports soared to $3.1K in 2022. Overall, exports, however, showed a dramatic curtailment. The exports peaked at $17K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Solid Fuel Furnace Burner in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.0 | 1.7 | 0.2 | 2.6 | -19.6% |
| Malaysia | 1.5 | 0.5 | N/A | 0.5 | -30.7% |
| South Korea | 1.6 | 0.8 | 0.1 | N/A | -75.0% |
| Thailand | N/A | 0.4 | N/A | N/A | 0% |
| China | 6.8 | 2.5 | 0.4 | N/A | -75.7% |
| United Arab Emirates | 1.1 | 0.4 | N/A | N/A | -63.6% |
| Others | 1.3 | 0.9 | N/A | N/A | -30.8% |
| Total | 17.4 | 7.2 | 0.8 | 3.1 | -43.7% |
Top Export Markets for Solid Fuel Furnace Burner from the Philippines in 2022:
- Japan (5.0 units)
- Malaysia (1.0 units)
This report provides an in-depth analysis of the market for solid 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 28211150 - Furnace burners for solid fuel or gas (including combination burners)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...
794
In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...
681
In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...
794
In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...
