Report Update Nov 1, 2024

Hong Kong SAR, China - Non-Electric Bakery Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Hong Kong SAR, China

The Hong Kong non-electric bakery oven market dropped markedly to $X in 2022, declining by -67.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt slump. Non-electric bakery oven consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Hong Kong SAR, China

Non-electric bakery oven exports from Hong Kong SAR skyrocketed to X units in 2022, with an increase of 33% compared with the previous year. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 350%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 280% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for non-electric bakery oven exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -7.8%.

In value terms, China ($X) also remains the key foreign market for non-electric bakery ovens exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -18.9%.

Export Prices by Country

The average non-electric bakery oven export price stood at $X per unit in 2022, surging by 7.4% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. The export price 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 the Philippines amounted to +48.1% per year.

Non-Electric Bakery Oven Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of non-electric bakery ovens were imported into Hong Kong SAR; reducing by -68.8% on the previous year. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 119% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-electric bakery oven imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Japan (X units) were the main suppliers of non-electric bakery oven imports to Hong Kong SAR, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of non-electric bakery ovens to Hong Kong SAR, comprising 96% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.6% share of total imports. It was followed by Canada, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +229.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-14.1% per year) and Canada (0.0% per year).

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, with an increase of 4,700% against the previous year. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+219.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric bakery ovens in the world?

The countries with the highest volumes of in 2021 were China, South Africa and Nigeria, together accounting for 37% of global consumption. These countries were followed by Germany, Belgium, Canada, the Czech Republic, India, Poland, Spain, Brazil, Chile and the Netherlands, which together accounted for a further 33%.

What are the largest producers of non-electric bakery ovens in the world?

China remains the largest non-electric bakery oven producing country worldwide, accounting for 54% of total volume. Moreover, non-electric bakery oven production in China exceeded the figures recorded by the second-largest producer, Italy, threefold. The third position in this ranking was occupied by Germany, with an 8.9% share.

What are the leading suppliers of non-electric bakery ovens to Hong Kong SAR, China?

In value terms, Taiwan Chinese) constituted the largest supplier of non-electric bakery oven to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was occupied by China, with a 27% share of total imports.

What are the leading importers of non-electric bakery ovens from Hong Kong SAR, China?

In value terms, China remains the key foreign market for non-electric bakery oven exports from Hong Kong SAR.

What is the average export price for non-electric bakery ovens in Hong Kong SAR, China?

In 2021, the average non-electric bakery oven export price amounted to $15,253 per unit, growing by 2.8% against the previous year.

What is the average import price for non-electric bakery ovens in Hong Kong SAR, China?

In 2021, the average non-electric bakery oven import price amounted to $2,503 per unit, declining by -6.1% against the previous year.

This report provides an in-depth analysis of the non-electric bakery oven market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931530 - Bakery ovens, including biscuit ovens, non-electric

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023