Asia: Furnace Burner Market 2024

Furnace Burner Market Size in Asia

The Asian furnace burner market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a slight setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Furnace Burner Production in Asia

In value terms, furnace burner production declined modestly to $X in 2022 estimated in export price. Overall, production saw a slight decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Furnace Burner Exports

Exports in Asia

In 2022, exports of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Asia soared to X units, rising by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, furnace burner exports rose rapidly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near X% of total exports in 2022. South Korea (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and the United Arab Emirates (X%). Taiwan (Chinese) (X units), Japan (X units) and Turkey (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to furnace burner exports from China stood at X%. At the same time, India (X%), the United Arab Emirates (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%), Turkey (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, the United Arab Emirates and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest furnace burner supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, furnace burner exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Furnace Burner Imports

Imports in Asia

In 2022, purchases abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, furnace burner imports fell modestly to $X in 2022. Over the period under review, imports saw a mild downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by China (X units), Turkey (X units) and Malaysia (X units) represented the key importers of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together mixing up X% of total imports. India (X units), South Korea (X units), Kazakhstan (X units), Vietnam (X units), Japan (X units), Uzbekistan (X units), Thailand (X units), the United Arab Emirates (X units) and Taiwan (Chinese) (X units) took a minor share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Japan (X%), Thailand (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Malaysia, Kazakhstan and India experienced a relatively flat trend pattern. By contrast, South Korea (X%), the United Arab Emirates (X%), Vietnam (X%), Taiwan (Chinese) (X%) and China (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Turkey (X p.p.), Uzbekistan (X p.p.) and Japan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest furnace burner importing markets in Asia were China ($X), Turkey ($X) and South Korea ($X), together comprising X% of total imports. Indonesia, Malaysia, Taiwan (Chinese), the United Arab Emirates, India, Vietnam, Thailand, Kazakhstan, Japan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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