China: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in China

The Chinese market for industrial, laboratory or bakery ovens skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in China

In value terms, industrial, laboratory or bakery oven production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Industrial, laboratory or bakery oven production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Industrial, Laboratory or Bakery Ovens

Exports from China

After five 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 dramatic decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, industrial, laboratory or bakery oven exports declined significantly to $X in 2022. In general, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

Luxembourg (X units) was the main destination for industrial, laboratory or bakery oven exports from China, with a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Luxembourg exceeded the volume sent to the second major destination, Iceland (X units), threefold. Gambia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Gambia (X% per year).

In value terms, the largest markets for industrial, laboratory or bakery oven exported from China were Vietnam ($X), the United States ($X) and Japan ($X), together comprising X% of total exports. Germany, the UK, Iceland, Saudi Arabia, Gambia and Luxembourg lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Gambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a dramatic downturn. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Luxembourg (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into China

In 2022, imports of industrial, laboratory or bakery ovens into China reduced to X units, dropping by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports declined to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of industrial, laboratory or bakery oven to China, with a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to China were Germany ($X), Japan ($X) and the United States ($X), together comprising X% of total imports. Taiwan (Chinese), South Korea, France, Italy, Austria, the UK, the Czech Republic, the Netherlands and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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