Eastern Asia: Electric Oven Market 2020

Electric Oven Market Size in Eastern Asia

The revenue of the electric oven market in Eastern Asia amounted to $X in 2017, surging by X% against the previous year. The electric oven consumption continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. Over the period under review, the electric oven market attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Electric Oven Production in Eastern Asia

In 2017, approx. X units of electric furnaces and ovens were produced in Eastern Asia; surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. Over the period under review, the electric oven production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Electric Oven Exports in Eastern Asia

In 2017, exports of electric furnaces and ovens in Eastern Asia amounted to X units, increasing by X% against the previous year. The electric oven exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014, when it surged by X% y-o-y. In that year, the electric oven exports attained their peak volume of X units. From 2015 to 2017, growth of the electric oven exports stood at a somewhat lower level.

In value terms, electric oven exports stood at $X in 2017. The total exports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric oven exports increased by +X% against 2014 indices. Over the period under review, the electric oven exports attained its maximum level in 2017, and are likely to see steady growth in the immediate term.

Electric Oven Exports by Country in Eastern Asia

China represented the major exporter of electric furnaces and ovens in Eastern Asia, with the volume of exports finishing at X units, which was near X% of total exports in 2017. Japan (X units) held the second position in the ranking, distantly followed by South Korea (X units) and Taiwan, Chinese (X units). All these countries together held approx. X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electric oven exports from China stood at +X%. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of South Korea (-X%), Japan (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

In terms of the main exporting countries , China (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Electric Oven Export Prices by Country in Eastern Asia

In 2017, the electric oven export price in Eastern Asia amounted to $X thousand per unit, jumping by X% against the previous year. The electric oven export price continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. The level of export price peaked of $X thousand per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X thousand per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Electric Oven Imports in Eastern Asia

In 2017, the amount of electric furnaces and ovens imported in Eastern Asia stood at X units, jumping by X% against the previous year. The electric oven imports continue to indicate a significant slump. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. The volume of imports peaked of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, electric oven imports stood at $X in 2017. The electric oven imports continue to indicate a drastic decrease. In that year, the electric oven imports attained their peak level of $X. From 2009 to 2017, growth of the electric oven imports stood at a somewhat lower level.

Electric Oven Imports by Country in Eastern Asia

South Korea was the key importing country with an import of about X units, which resulted at X% of total imports. China (X units) ranks second in terms of the global imports with a X% share, followed by Taiwan, Chinese (X%) and Japan (X%). China, Hong Kong SAR (X units) occupied the slight share of total imports.

South Korea was also the fastest growing in terms of the electric furnaces and ovens imports, with a CAGR of +X% from 2007 to 2017. At the same time, Japan (+X%) and China (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Taiwan, Chinese and China, Hong Kong SAR increased by X% and X% percentage points, while Japan (-X%), China (-X%) and South Korea (-X%) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported electric furnaces and ovens in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (-X% per year).

Electric Oven Import Prices by Country in Eastern Asia

In 2017, the electric oven import price in Eastern Asia amounted to $X thousand per unit, falling by -X% against the previous year. The electric oven import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2015, an increase of X% year-to-year. In that year, the import prices for electric furnaces and ovens reached their peak level of $X thousand per unit. From 2016 to 2017, growth of the import prices for electric furnaces and ovens failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X thousand per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform