Asia-Pacific: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Asia-Pacific

The Asia-Pacific non-electric bakery oven market skyrocketed to $X in 2022, increasing by 73% against the previous year. In general, consumption, however, saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Production in Asia-Pacific

In value terms, non-electric bakery oven production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 10%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports in Asia-Pacific

In 2022, approx. X units of non-electric bakery ovens were exported in Asia-Pacific; with a decrease of -29.5% against the year before. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, non-electric bakery oven exports dropped to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2022. India (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-electric bakery oven exports from China stood at +6.0%. At the same time, India (+7.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +7.7% from 2012-2022. China (+3.7 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, China ($X) remains the largest non-electric bakery oven supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was held by India ($X), with a 3.7% share of total exports.

In China, non-electric bakery oven exports increased at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, rising by 40% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. 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 India ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Non-Electric Bakery Oven Imports

Imports in Asia-Pacific

After two years of growth, overseas purchases of non-electric bakery ovens decreased by -22.5% to X units in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, non-electric bakery oven imports soared to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 51%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

India represented the major importing country with an import of around X units, which finished at 38% of total imports. Pakistan (X units) ranks second in terms of the total imports with a 15% share, followed by Malaysia (14%), Indonesia (7.2%) and the Philippines (5.3%). The following importers - Singapore (X units) and Myanmar (X units) - together made up 6.6% of total imports.

Imports into India increased at an average annual rate of +24.4% from 2012 to 2022. At the same time, the Philippines (+25.2%), Myanmar (+20.1%), Pakistan (+19.1%), Indonesia (+11.8%), Malaysia (+8.7%) and Singapore (+6.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +25.2% from 2012-2022. While the share of India (+27 p.p.), Pakistan (+8 p.p.) and the Philippines (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-1.7 p.p.) and Malaysia (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric bakery oven importing markets in Asia-Pacific were Indonesia ($X), India ($X) and Malaysia ($X), with a combined 46% share of total imports. The Philippines, Singapore, Pakistan and Myanmar lagged somewhat behind, together accounting for a further 6.4%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.2%, recorded the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per unit in 2022, rising by 51% against the previous year. In general, the import price, however, saw a abrupt descent. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($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 (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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