Indonesia: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in Indonesia

In 2022, the Indonesian market for industrial, laboratory or bakery ovens increased by 294% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Indonesia

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported from Indonesia; picking up by 14% compared with 2021. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 210% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports dropped to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 393% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for industrial, laboratory or bakery oven exports from Indonesia, with a 50% share of total exports. Moreover, industrial, laboratory or bakery oven exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Vietnam (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.2% per year) and Vietnam (+27.1% per year).

In value terms, the largest markets for industrial, laboratory or bakery oven exported from Indonesia were the United States ($X), China ($X) and Vietnam ($X), with a combined 92% share of total exports.

The United States, with a CAGR of +76.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, dropping by -25% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 178%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Indonesia

Industrial, laboratory or bakery oven imports into Indonesia skyrocketed to X units in 2022, rising by 284% against 2021. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial, laboratory or bakery oven imports surged to $X in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Indonesia, with a 45% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+62.9% per year) and Singapore (+56.5% per year).

In value terms, China ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Indonesia, comprising 70% of total imports. The second position in the ranking was taken by Hungary ($X), with a 10% share of total imports. It was followed by Japan, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+49.9% per year) and Japan (+5.2% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, rising by 7.5% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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