Asia-Pacific: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Asia-Pacific

In 2022, the Asia-Pacific market for industrial, laboratory or bakery ovens increased by X% to $X, rising for the eighth year in a row after two years of decline. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Industrial, Laboratory or Bakery Ovens in Asia-Pacific

In value terms, industrial, laboratory or bakery oven production fell 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 most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Asia-Pacific

In 2022, after four years of growth, there was significant decline in shipments abroad of industrial, laboratory or bakery ovens, when their volume decreased by X% to X units. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, industrial, laboratory or bakery oven exports fell sharply to $X in 2022. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Japan (X units) represented the major exporter of industrial, laboratory or bakery ovens, achieving X% of total exports. It was distantly followed by South Korea (X units) and Singapore (X units), together constituting a X% share of total exports. Taiwan (Chinese) (X units), Hong Kong SAR (X units) and Thailand (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from Japan stood at X%. At the same time, South Korea (X%), Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.), South Korea (X p.p.), Singapore (X p.p.), Taiwan (Chinese) (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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-Pacific stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price posted tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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-Pacific

After ten years of growth, supplies from abroad of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, industrial, laboratory or bakery oven imports contracted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Singapore (X units) was the key importer of industrial, laboratory or bakery ovens, creating X% of total imports. South Korea (X units) took the second position in the ranking, followed by the Philippines (X units), China (X units), Malaysia (X units) and Vietnam (X units). All these countries together took approx. X% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven imports into Singapore stood at X%. At the same time, the Philippines (X%), Malaysia (X%), Vietnam (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Singapore, the Philippines and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a drastic downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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