Asia-Pacific: Market for Furnace Burners For Solid Fuel Or Gas 2024

Market Size for Furnace Burners For Solid Fuel Or Gas in Asia-Pacific

The Asia-Pacific solid fuel furnace burner market shrank to $X in 2022, waning by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Asia-Pacific

In value terms, solid fuel furnace burner production dropped modestly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Asia-Pacific

In 2022, shipments abroad of furnace burners for solid fuel or gas was finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, continue to indicate a pronounced slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the main exporter of furnace burners for solid fuel or gas, mixing up X% of total exports. South Korea (X units) ranks second in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%). The following exporters - Malaysia (X units) and India (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to solid fuel furnace burner exports from China stood at X%. At the same time, Malaysia (X%), South Korea (X%) and India (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports 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, China ($X) remains the largest solid fuel furnace burner supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, solid fuel 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 Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, which is down by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid fuel furnace burner export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Asia-Pacific

In 2022, overseas purchases of furnace burners for solid fuel or gas decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, solid fuel furnace burner imports declined to $X in 2022. In general, imports recorded a slight shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X units) and China (X units) represented roughly X% of total imports in 2022. Malaysia (X units) held the next position in the ranking, followed by Vietnam (X units), South Korea (X units), Thailand (X units), India (X units) and Taiwan (Chinese) (X units). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, solid fuel furnace burner imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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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