Eastern Asia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Eastern Asia

The East Asian market for industrial, laboratory or bakery ovens skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a prominent increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in Eastern Asia

In value terms, industrial, laboratory or bakery oven production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Industrial, Laboratory or Bakery Ovens

Exports in Eastern Asia

After four years of growth, overseas shipments of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X units in 2021, and then declined significantly in the following year.

In value terms, industrial, laboratory or bakery oven exports reduced dramatically to $X in 2022. Over the period under review, exports saw a noticeable decline. The pace of growth appeared the most rapid 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

Japan was the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by South Korea (X units), generating a X% share of total exports. The following exporters - Taiwan (Chinese) (X units) and Hong Kong SAR (X units) - each reached an X% share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, 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.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (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 ($X) remains the largest industrial, laboratory or bakery oven supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price posted resilient 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) ($X per unit), while South Korea ($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 export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Eastern Asia

Industrial, laboratory or bakery oven imports shrank to X units in 2022, dropping by X% on 2021 figures. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, industrial, laboratory or bakery oven imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, South Korea (X units) and China (X units) represented the major importers of industrial, laboratory or bakery ovens in Eastern Asia, together finishing at approx. X% of total imports. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Taiwan (Chinese) (X%).

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In China, industrial, laboratory or bakery oven imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($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

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