South-Eastern Asia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in South-Eastern Asia

The Southeast Asian non-electric bakery oven market rose significantly to $X in 2022, with an increase of 7.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Electric Bakery Oven Production in South-Eastern Asia

In value terms, non-electric bakery oven production dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 3.5% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports in South-Eastern Asia

Non-electric bakery oven exports surged to X units in 2022, increasing by 37% on the previous year. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 89% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-electric bakery oven exports reduced rapidly to $X in 2022. Overall, exports, however, recorded a mild curtailment. The growth pace was the most rapid in 2021 when exports increased by 33%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X units) was the major exporter of non-electric bakery ovens, constituting 55% of total exports. Thailand (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together took near 39% share of total exports. The following exporters - Indonesia (X units) and the Philippines (X units) - together made up 6% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +55.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 88% share of total exports. Singapore and the Philippines lagged somewhat behind, together accounting for a further 11%.

In terms of the main exporting countries, the Philippines, with a CAGR of +34.2%, saw 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

The export price in South-Eastern Asia stood at $X per unit in 2022, falling by -40.7% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 42% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.8%), while the other leaders experienced a decline in the export price figures.

Non-Electric Bakery Oven Imports

Imports in South-Eastern Asia

In 2022, imports of non-electric bakery ovens in South-Eastern Asia reduced modestly to X units, flattening at the year before. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 112% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric bakery oven imports soared to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia was the main importer of non-electric bakery ovens in South-Eastern Asia, with the volume of imports finishing at X units, which was near 40% of total imports in 2022. Indonesia (X units) ranks second in terms of the total imports with a 21% share, followed by the Philippines (15%), Singapore (12%) and Myanmar (7.1%). The following importers - Thailand (X units) and Vietnam (X units) - each reached a 4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric bakery ovens in South-Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9% share of total imports. It was followed by Malaysia, with a 7.1% share.

In Indonesia, non-electric bakery oven imports expanded at an average annual rate of +11.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-10.5% per year) and Malaysia (-0.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, picking up by 107% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. Over the period under review, import prices attained the maximum 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 importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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