Thailand: Non-Electric Bakery Oven Market 2025

Non-Electric Bakery Oven Market Size in Thailand

The Thai non-electric bakery oven market reduced to $X in 2022, falling by -10.3% against the previous year. Over the period under review, consumption continues to indicate a mild decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Non-Electric Bakery Oven Production in Thailand

In value terms, non-electric bakery oven production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 0.7%. Non-electric bakery oven production peaked at $X in 2019; afterwards, it flattened through to 2022.

Non-Electric Bakery Oven Exports

Exports from Thailand

Non-electric bakery oven exports from Thailand surged to X units in 2022, with an increase of 2,065% compared with the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric bakery oven exports soared to $X in 2022. In general, exports posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of 204% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for non-electric bakery oven exports from Thailand, with a 89% share of total exports. It was followed by Hong Kong SAR (X units), with a 1.9% share of total exports. The third position in this ranking was held by Malaysia (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +136.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+46.3% per year) and Malaysia (+10.7% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for non-electric bakery ovens exports from Thailand, comprising 16% of total exports. The second position in the ranking was taken by Bhutan ($X), with a 7.5% share of total exports. It was followed by Lao People's Democratic Republic, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (-0.8% per year) and Lao People's Democratic Republic (-11.6% per year).

Export Prices by Country

The average non-electric bakery oven export price stood at $X per unit in 2022, reducing by -92.6% against the previous year. In general, the export price continues to indicate a sharp contraction. The growth pace was the most rapid in 2021 an increase of 194%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Italy ($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 Hong Kong SAR (+28.6%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Bakery Oven Imports

Imports into Thailand

In 2022, approx. X units of non-electric bakery ovens were imported into Thailand; surging by 6.9% compared with the year before. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 746%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric bakery oven imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 465% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Bulgaria (X units) and Japan (X units) were the main suppliers of non-electric bakery oven imports to Thailand, together accounting for 93% of total imports. Taiwan (Chinese), the United States, Germany and Italy lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +3.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest non-electric bakery oven suppliers to Thailand, with a combined 95% share of total imports. Italy, the United States, Germany and Bulgaria lagged somewhat behind, together comprising a further 2.7%.

In terms of the main suppliers, the United States, with a CAGR of +71.0%, recorded 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

In 2022, the average non-electric bakery oven import price amounted to $X per unit, with an increase of 43% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric bakery oven import price increased by +100.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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