Australia and Oceania: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Australia and Oceania

In 2022, the market for industrial, laboratory or bakery ovens in Australia and Oceania increased by 9.1% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.8% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in Australia and Oceania

In value terms, industrial, laboratory or bakery oven production dropped modestly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 61%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Australia and Oceania

In 2022, shipments abroad of industrial, laboratory or bakery ovens decreased by -65.5% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 591% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 64%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Australia prevails in exports structure, resulting at X units, which was near 97% of total exports in 2022. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the industrial, laboratory or bakery ovens exports, with a CAGR of +10.0% from 2012 to 2022. At the same time, New Zealand (+2.5%) displayed positive paces of growth. While the share of Australia (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-2.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest industrial, laboratory or bakery oven supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.8% share of total exports.

In Australia, industrial, laboratory or bakery oven exports expanded at an average annual rate of +4.7% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, growing by 159% against the previous year. Overall, the export price, however, showed a noticeable setback. The growth pace was the most rapid in 2014 an increase of 166%. As a result, the export price reached the peak level of $X per unit. From 2015 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 New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+17.7%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Australia and Oceania

In 2022, supplies from abroad of industrial, laboratory or bakery ovens decreased by -10% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 128%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, industrial, laboratory or bakery oven imports expanded modestly to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 152%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the key importing country with an import of about X units, which reached 64% of total imports. It was distantly followed by New Zealand (X units) and New Caledonia (X units), together committing a 32% share of total imports.

Imports into Australia increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, New Caledonia (+29.1%) and New Zealand (+19.8%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +29.1% from 2012-2022. From 2012 to 2022, the share of New Caledonia and New Zealand increased by +9.4 and +7.3 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +8.0%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+15.2% per year) and New Caledonia (+12.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, jumping by 16% against the previous year. In general, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 34% against the previous year. The level of import peaked 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 Australia ($X per unit), while New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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