ASEAN: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in ASEAN

In 2023, the ASEAN non-electric bakery oven market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw resilient growth. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Non-Electric Bakery Oven Production in ASEAN

In value terms, non-electric bakery oven production skyrocketed to $X in 2023 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports in ASEAN

Non-electric bakery oven exports declined to X units in 2023, with a decrease of X% on 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports dropped to $X in 2023. Overall, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Thailand (X units), distantly followed by the Philippines (X units), Malaysia (X units), Indonesia (X units), Vietnam (X units) and Singapore (X units) were the major exporters of non-electric bakery ovens, together generating X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric bakery oven supplying countries in ASEAN were Indonesia ($X), the Philippines ($X) and Malaysia ($X), together comprising X% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, 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

In 2023, the export price in ASEAN amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Bakery Oven Imports

Imports in ASEAN

After two years of growth, supplies from abroad of non-electric bakery ovens decreased by X% to X units in 2023. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2022, and then fell in the following year.

In value terms, non-electric bakery oven imports shrank to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Malaysia (X units) and the Philippines (X units) represented the major importers of non-electric bakery ovens in ASEAN, together recording near X% of total imports. Indonesia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Thailand (X%). Vietnam (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Indonesia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, rising by X% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform