South-Eastern Asia: Furnace Burner Market 2024

Furnace Burner Market Size in South-Eastern Asia

In 2022, the Southeast Asian furnace burner market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, recorded mild growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Furnace Burner Production in South-Eastern Asia

In value terms, furnace burner production rose rapidly to $X in 2022 estimated in export price. The total production indicated a slight expansion 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 2020 indices. The pace of growth appeared the most rapid 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 lower figure.

Furnace Burner Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a measured increase. 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 units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, furnace burner exports surged to $X in 2022. Total exports indicated a moderate expansion 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, exports increased by X% against 2020 indices. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) was the key exporter of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, making up X% of total exports. Malaysia (X units) held the second position in the ranking, distantly followed by Indonesia (X units), Vietnam (X units) and Thailand (X units). All these countries together took approx. X% share of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price posted a temperate increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

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 Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Furnace Burner Imports

Imports in South-Eastern Asia

In 2022, supplies from 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. In general, imports, however, continue to indicate notable growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. 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 shrank to $X in 2022. Overall, imports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2019 with an increase of 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 somewhat lower figure.

Imports by Country

Indonesia was the largest importer of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in South-Eastern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X units), Vietnam (X units) and Thailand (X units), together achieving a X% share of total imports. The Philippines (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to furnace burner imports into Indonesia stood at X%. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (X%) and Singapore (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Vietnam saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest furnace burner importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total imports. Thailand, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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