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

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

In 2022, the Southeast Asian market for industrial, laboratory or bakery ovens decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, showed prominent growth. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Industrial, Laboratory or Bakery Ovens in South-Eastern Asia

In value terms, industrial, laboratory or bakery oven production reduced to $X in 2022 estimated in export price. Overall, production recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in South-Eastern Asia

In 2022, shipments abroad of industrial, laboratory or bakery ovens decreased by X% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports shrank sharply to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest industrial, laboratory or bakery oven supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

In Singapore, industrial, laboratory or bakery oven exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in South-Eastern Asia

After ten years of growth, overseas purchases of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, industrial, laboratory or bakery oven imports shrank notably to $X in 2022. Over the period under review, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the main importing country with an import of around X units, which recorded X% of total imports. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), Vietnam (X%) and Indonesia (X%).

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest industrial, laboratory or bakery oven importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Indonesia ($X), together accounting for X% of total imports. Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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