Malaysia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Malaysia

In 2022, the Malaysian market for industrial, laboratory or bakery ovens increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a moderate expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Industrial, Laboratory or Bakery Ovens in Malaysia

In value terms, industrial, laboratory or bakery oven production fell dramatically to $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Malaysia

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported from Malaysia; falling by X% compared with the year before. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports dropped sharply to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Indonesia (X units) and Singapore (X units) were the main destinations of industrial, laboratory or bakery oven exports from Malaysia, with a combined X% share of total exports. Brunei Darussalam, Hong Kong SAR and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, posted a strong increase. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Brunei Darussalam ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Malaysia

In 2022, supplies from abroad of industrial, laboratory or bakery ovens increased by X% to X units, rising for the fifth consecutive year after two years of decline. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial, laboratory or bakery oven imports amounted to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Malaysia, accounting for a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest industrial, laboratory or bakery oven suppliers to Malaysia, together accounting for X% of total imports. Italy, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, with a decrease of X% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :