Report Republic of Korea - Furnace Burners, Mechanical Stokers, Mechanical Grates and Mechanical Ash Dischargers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 22, 2022

Republic of Korea - Furnace Burners, Mechanical Stokers, Mechanical Grates and Mechanical Ash Dischargers - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Furnace Burner Market 2022

Furnace Burner Market Size in Republic of Korea

The South Korean furnace burner market soared to $X in 2021, surging by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Furnace Burner Production in Republic of Korea

In value terms, furnace burner production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Furnace burner production peaked at $X in 2020, and then fell in the following year.

Furnace Burner Exports

Exports from Republic of Korea

After two years of growth, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by -X% to X tons in 2021. Overall, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, furnace burner exports reduced remarkably to $X in 2021. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main destinations of furnace burner exports from South Korea, together accounting for X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for furnace burner exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the average furnace burner export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2020, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Republic of Korea

In 2021, after three years of growth, there was significant decline in overseas purchases of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, when their volume decreased by -X% to X tons. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, furnace burner imports contracted to $X in 2021. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Japan (X tons) and China (X tons) were the main suppliers of furnace burner imports to South Korea, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest furnace burner suppliers to South Korea were the United States ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports.

Among the main suppliers, the United States, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average furnace burner import price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for mechanical stokers in the world?
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China remains the largest mechanical stoker consuming country worldwide, comprising approx. 26% of total volume. Moreover, mechanical stoker consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Russia ranked third in terms of total consumption with a 5.4% share.
What are the largest producers of mechanical stokers in the world?
+
China remains the largest mechanical stoker producing country worldwide, accounting for 26% of total volume. Moreover, mechanical stoker production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Russia, with a 5.1% share.
What are the leading suppliers of mechanical stokers to Republic of Korea?
+
In value terms, Germany constituted the largest supplier of mechanical stoker to South Korea, comprising 57% of total imports. The second position in the ranking was taken by Switzerland, with a 16% share of total imports. It was followed by Japan, with an 8.8% share.
What are the leading importers of mechanical stokers from Republic of Korea?
+
In value terms, Taiwan Chinese) remains the key foreign market for mechanical stoker exports from South Korea, comprising 92% of total exports. The second position in the ranking was held by Saudi Arabia, with a 5.4% share of total exports. It was followed by Japan, with a 0.8% share.
What is the average export price for mechanical stokers in Republic of Korea?
+
In 2021, the average mechanical stoker export price amounted to $21,898 per ton, with a decrease of -18.5% against the previous year.
What is the average import price for mechanical stokers in Republic of Korea?
+
The average mechanical stoker import price stood at $8,914 per ton in 2021, falling by -19.6% against the previous year.

This report provides an in-depth analysis of the furnace burner market in Republic of Korea. 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
• Prodcom 28211150 - Furnace burners for solid fuel or gas (including combination burners)
• Prodcom 28211170 - Mechanical stokers (including their mechanical grates, m echanical ash dischargers and similar appliances)
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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