Japan: Market for Furnace Burners For Liquid Fuel 2023

Market Size for Furnace Burners For Liquid Fuel in Japan

The Japanese liquid fuel furnace burner market dropped notably to $X in 2021, which is down by -16.7% against the previous year. In general, consumption continues to indicate a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Liquid Fuel in Japan

In value terms, liquid fuel furnace burner production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Liquid fuel furnace burner production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from Japan

In 2021, liquid fuel furnace burner exports from Japan skyrocketed to X tons, rising by 42% against the year before. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 43%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by 63%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for liquid fuel furnace burner exports from Japan, accounting for a 47% share of total exports. Moreover, liquid fuel furnace burner exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+20.9% per year) and South Korea (-13.6% per year).

In value terms, China ($X) remains the key foreign market for furnace burners for liquid fuel exports from Japan, comprising 57% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-17.2% per year) and Taiwan (Chinese) (-15.2% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, shrinking by -10.9% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Japan

In 2021, the amount of furnace burners for liquid fuel imported into Japan fell to X tons, waning by -7.2% on 2020 figures. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 481%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports fell significantly to $X in 2021. In general, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2016 when imports increased by 359%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped rapidly in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest liquid fuel furnace burner supplier to Japan, accounting for a 44% share of total imports. Moreover, liquid fuel furnace burner imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.8% per year) and the United States (-10.5% per year).

In value terms, the United States ($X), China ($X) and Sweden ($X) constituted the largest liquid fuel furnace burner suppliers to Japan, together comprising 66% of total imports.

Among the main suppliers, the United States, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, reducing by -15.1% against the previous year. Over the period under review, the import price, however, showed strong growth. The pace of growth was the most pronounced in 2020 an increase of 125%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :