Malaysia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Malaysia

The Malaysian non-electric bakery oven market contracted sharply to $X in 2022, with a decrease of -46.8% against the previous year. Overall, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Non-Electric Bakery Oven Production in Malaysia

In value terms, non-electric bakery oven production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Non-electric bakery oven production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Malaysia

In 2022, the amount of non-electric bakery ovens exported from Malaysia declined to X units, which is down by -5.7% on 2021 figures. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 80% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports declined to $X in 2022. Overall, exports recorded a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), India (X units) and Saudi Arabia (X units) were the main destinations of non-electric bakery oven exports from Malaysia, together comprising 85% of total exports. Papua New Guinea, Qatar, the Philippines and Nepal lagged somewhat behind, together comprising a further 9.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +42.9%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Vietnam ($X) and India ($X) constituted the largest markets for non-electric bakery oven exported from Malaysia worldwide, with a combined 68% share of total exports. Papua New Guinea, Qatar, the Philippines and Nepal lagged somewhat behind, together accounting for a further 13%.

Nepal, with a CAGR of +48.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, declining by -4.1% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 33%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Vietnam ($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 Nepal (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Bakery Oven Imports

Imports into Malaysia

In 2022, approx. X units of non-electric bakery ovens were imported into Malaysia; waning by -35.2% compared with the previous year. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 238%. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, non-electric bakery oven imports fell dramatically to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main non-electric bakery oven supplier to Malaysia, accounting for a 95% share of total imports. It was followed by Italy (X units), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.1% per year) and Hong Kong SAR (+35.1% per year).

In value terms, China ($X) constituted the largest supplier of non-electric bakery ovens to Malaysia, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.9% per year) and Hong Kong SAR (+26.5% per year).

Import Prices by Country

The average non-electric bakery oven import price stood at $X per unit in 2022, surging by 11% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 124%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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