Thailand: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in Thailand

The Thai market for industrial, laboratory or bakery ovens stood at $X in 2022, growing by 2.3% against the previous year. Overall, consumption continues to indicate a prominent expansion. Industrial, laboratory or bakery oven consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Thailand

In value terms, industrial, laboratory or bakery oven production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 262% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Thailand

In 2021, industrial, laboratory or bakery oven exports from Thailand shrank remarkably to X units, waning by -50.3% on the previous year. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 531% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports declined significantly to $X in 2021. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2016 with an increase of 678%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for industrial, laboratory or bakery oven exports from Thailand, accounting for a 33% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Myanmar exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), twofold. The third position in this ranking was taken by Switzerland (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar stood at +58.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+14.7% per year) and Switzerland (+29.5% per year).

In value terms, Canada ($X), Switzerland ($X) and Malaysia ($X) constituted the largest markets for industrial, laboratory or bakery oven exported from Thailand worldwide, together comprising 64% of total exports. Vietnam, Myanmar, Lao People's Democratic Republic, Sri Lanka, Spain, Japan and India lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Myanmar, with a CAGR of +65.3%, recorded 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 average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2021, declining by -24.9% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 106% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Thailand

In 2022, the amount of industrial, laboratory or bakery ovens imported into Thailand expanded notably to X units, with an increase of 11% on the year before. Overall, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 52%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports shrank slightly to $X in 2022. In general, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2014 with an increase of 82%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of industrial, laboratory or bakery oven to Thailand, accounting for a 92% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+38.7% per year) and Japan (-5.0% per year).

In value terms, China ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Thailand, comprising 83% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.8% per year) and Sweden (+48.8% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, declining by -11.8% against the previous year. Overall, the import price, however, showed a pronounced increase. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 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 the United Arab Emirates (+374.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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