Report Update Nov 1, 2024

Sri Lanka - Non-Electric Bakery Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Sri Lanka

In 2022, the Sri Lankan non-electric bakery oven market decreased by -9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports from Sri Lanka

In 2022, non-electric bakery oven exports from Sri Lanka expanded rapidly to X units, with an increase of 12% on the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 600% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, non-electric bakery oven exports stood at $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 5,825%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for non-electric bakery oven exports from Sri Lanka, accounting for a 95% share of total exports. Moreover, non-electric bakery oven exports to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X units), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for non-electric bakery ovens exports from Sri Lanka, comprising 61% of total exports. The second position in the ranking was held by Maldives ($X), with an 11% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +184.5%.

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+315.4%).

Non-Electric Bakery Oven Imports

Imports into Sri Lanka

In 2022, supplies from abroad of non-electric bakery ovens increased by 3.1% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 137% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, non-electric bakery oven imports declined significantly to $X in 2022. In general, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 89%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric bakery oven supplier to Sri Lanka, with a 57% share of total imports. Moreover, non-electric bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), fourfold. The third position in this ranking was held by Singapore (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+68.8% per year) and Singapore (+58.6% per year).

In value terms, China ($X), the United States ($X) and Australia ($X) appeared to be the largest non-electric bakery oven suppliers to Sri Lanka, together accounting for 52% of total imports. The UK and Singapore lagged somewhat behind, together comprising a further 4.4%.

In terms of the main suppliers, the UK, with a CAGR of +10.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric bakery oven import price stood at $X per unit in 2022, falling by -62.2% against the previous year. Over the period under review, the import price faced a dramatic decline. The pace of growth appeared the most rapid in 2015 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($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 United States (+8.1%), while the prices for the other major suppliers experienced a decline.

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, with a combined 37% share 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 constituted the country with the largest volume of non-electric bakery oven production, 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 Sri Lanka?

In value terms, China constituted the largest supplier of non-electric bakery oven to Sri Lanka, comprising 54% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 14% share of total imports. It was followed by India, with a 9.4% share.

What are the leading importers of non-electric bakery ovens from Sri Lanka?

In value terms, Maldives remains the key foreign market for non-electric bakery oven exports from Sri Lanka.

What is the average export price for non-electric bakery ovens in Sri Lanka?

In 2021, the average non-electric bakery oven export price amounted to $3,587 per unit, growing by 95% against the previous year.

What is the average import price for non-electric bakery ovens in Sri Lanka?

In 2021, the average non-electric bakery oven import price amounted to $1,389 per unit, surging by 31% against the previous year.

This report provides an in-depth analysis of the non-electric bakery oven market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
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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