Southern Asia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Southern Asia

In 2022, after two years of growth, there was significant decline in the South Asian non-electric bakery oven market, when its value decreased by -11.7% to $X. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Non-Electric Bakery Oven Production in Southern Asia

In value terms, non-electric bakery oven production totaled $X in 2022 estimated in export price. Overall, production continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 with an increase of 3.6%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports in Southern Asia

In 2022, the amount of non-electric bakery ovens exported in Southern Asia expanded modestly to X units, with an increase of 4.2% on the year before. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 216% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-electric bakery oven exports soared to $X in 2022. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 101%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of non-electric bakery ovens, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the non-electric bakery ovens exports, with a CAGR of +7.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In India, non-electric bakery oven exports expanded at an average annual rate of +7.2% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, increasing by 17% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 123% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.5% per year.

Non-Electric Bakery Oven Imports

Imports in Southern Asia

In 2022, after four years of growth, there was significant decline in purchases abroad of non-electric bakery ovens, when their volume decreased by -31.2% to X units. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2016 when imports increased by 156% against the previous year. The volume of import peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, non-electric bakery oven imports shrank notably to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, India (X units) represented the key importer of non-electric bakery ovens, making up 66% of total imports. It was distantly followed by Pakistan (X units), committing a 26% share of total imports. The following importers - Sri Lanka (X units) and Bangladesh (X units) - together made up 5.9% of total imports.

India was also the fastest-growing in terms of the non-electric bakery ovens imports, with a CAGR of +24.4% from 2012 to 2022. At the same time, Pakistan (+19.1%), Sri Lanka (+18.0%) and Bangladesh (+7.7%) displayed positive paces of growth. India (+20 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Bangladesh saw its share reduced by -2% and -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-electric bakery ovens in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 17% share of total imports. It was followed by Pakistan, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +9.3%. In the other countries, the average annual rates were as follows: Bangladesh (+7.9% per year) and Pakistan (+5.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, growing by 14% against the previous year. In general, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2018 an increase of 67%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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