China: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in China

The Chinese market for industrial, laboratory or bakery ovens surged to $X in 2022, jumping by 43% against the previous year. Overall, consumption posted significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in China

In value terms, industrial, laboratory or bakery oven production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 406% against the previous year. Industrial, laboratory or bakery oven production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from China

In 2022, approx. less than X units of industrial, laboratory or bakery ovens were exported from China; waning by 99.9% compared with the year before. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, industrial, laboratory or bakery oven exports dropped to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +62.3% against 2014 indices. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The United States (X units), Germany (X units) and Vietnam (X units) were the main destinations of industrial, laboratory or bakery oven exports from China, together accounting for 30% of total exports. The Netherlands, Malaysia, the UK, Thailand, Australia, Poland, Russia, Mexico, India and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial, laboratory or bakery oven exported from China were Vietnam ($X), the United States ($X) and India ($X), together accounting for 26% of total exports. Thailand, Mexico, Japan, Malaysia, Germany, Russia, the UK, Australia, Poland and the Netherlands lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Australia, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, dropping by -4.2% against the previous year. Overall, the export price, however, saw a modest expansion. The growth pace was the most rapid in 2020 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into China

In 2021, purchases abroad of industrial, laboratory or bakery ovens was finally on the rise to reach X units after six years of decline. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 76% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 25%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main suppliers of industrial, laboratory or bakery oven imports to China, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -3.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest industrial, laboratory or bakery oven suppliers to China were Germany ($X), the United States ($X) and Japan ($X), with a combined 57% share of total imports. South Korea, Italy, the UK, Canada, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 13%.

Italy, with a CAGR of +7.0%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, with a decrease of -20.5% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 138% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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