Australia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Australia

The Australian market for industrial, laboratory or bakery ovens soared to $X in 2022, picking up by X% against the previous year. Overall, consumption showed resilient growth. Industrial, laboratory or bakery oven consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Industrial, Laboratory or Bakery Ovens in Australia

In value terms, industrial, laboratory or bakery oven production rose notably to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Industrial, laboratory or bakery oven production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Australia

In 2022, overseas shipments of industrial, laboratory or bakery ovens decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports dropped to $X in 2022. Overall, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Belgium (X units) was the main destination for industrial, laboratory or bakery oven exports from Australia, with a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Belgium exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Russia (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Russia (X% per year).

In value terms, the largest markets for industrial, laboratory or bakery oven exported from Australia were China ($X), Belgium ($X) and Russia ($X), with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Belgium ($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 Solomon Islands (X.6%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Australia

In 2022, after two years of growth, there was significant decline in overseas purchases of industrial, laboratory or bakery ovens, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports soared to $X in 2022. In general, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Finland (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Australia, with a combined X% share of total imports. The Netherlands, Sweden, Germany, the United States and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), China ($X) and Sweden ($X) appeared to be the largest industrial, laboratory or bakery oven suppliers to Australia, together accounting for X% of total imports.

Among the main suppliers, Sweden, with a CAGR of X%, 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 import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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