Asia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Asia

For the eighth year in a row, the Asian market for industrial, laboratory or bakery ovens recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in Asia

In value terms, industrial, laboratory or bakery oven production stood at $X in 2022 estimated in export price. The total production indicated a noticeable 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 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Asia

After four years of growth, overseas shipments of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2021, and then reduced notably in the following year.

In value terms, industrial, laboratory or bakery oven exports shrank rapidly to $X in 2022. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan was the key exporter of industrial, laboratory or bakery ovens in Asia, with the volume of exports recording X units, which was near X% of total exports in 2022. Turkey (X units) held the second position in the ranking, followed by South Korea (X units). All these countries together took near X% share of total exports. The following exporters - Singapore (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units) and Thailand (X units) - together made up X% 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 South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest industrial, laboratory or bakery oven supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. 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 stood at $X per unit in 2022, surging by X% against the previous year. Export price indicated pronounced 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while Thailand ($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 mixed trends in the export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Asia

In 2022, after six years of growth, there was significant decline in purchases abroad of industrial, laboratory or bakery ovens, when their volume decreased by X% to X units. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, industrial, laboratory or bakery oven imports shrank to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Singapore represented the largest importing country with an import of about X units, which recorded X% of total imports. South Korea (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), China (X%), Malaysia (X%) and Vietnam (X%). Indonesia (X units), Japan (X units), Uzbekistan (X units), Hong Kong SAR (X units), Kazakhstan (X units), Turkey (X units) and Taiwan (Chinese) (X units) took a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%), Uzbekistan (X%), Vietnam (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%), Indonesia (X%), Japan (X%), South Korea (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Turkey and China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Singapore, the Philippines, Malaysia and Uzbekistan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens in Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. 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

In 2022, the import price in Asia amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, recorded a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :