Eastern Asia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Eastern Asia

The East Asian non-electric bakery oven market skyrocketed to $X in 2022, growing by 313% against the previous year. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Bakery Oven Production in Eastern Asia

In value terms, non-electric bakery oven production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.5% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports in Eastern Asia

Non-electric bakery oven exports shrank rapidly to X units in 2022, declining by -30.4% compared with 2021 figures. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, non-electric bakery oven exports reduced slightly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +82.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

China (X units) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the non-electric bakery ovens exports, with a CAGR of +6.0% from 2012 to 2022. From 2012 to 2022, the share of China increased by +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-electric bakery oven supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to +7.7%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 41% against the previous year. In general, the export price, however, recorded a mild downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.7% per year.

Non-Electric Bakery Oven Imports

Imports in Eastern Asia

Non-electric bakery oven imports shrank notably to X units in 2022, waning by -19.8% against 2021. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-electric bakery oven imports expanded slightly to $X in 2022. In general, imports saw a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan was the largest importer of non-electric bakery ovens in Eastern Asia, with the volume of imports accounting for X units, which was approx. 41% of total imports in 2022. South Korea (X units) ranks second in terms of the total imports with a 24% share, followed by Taiwan (Chinese) (18%) and China (14%). Hong Kong SAR (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Japan (with a CAGR of +6.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest non-electric bakery oven importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 81% share of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of 30% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+37.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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