Republic of Korea - Non-Electric Bakery Ovens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Bakery Oven Price in South Korea - 2022
Contents:
- Non-Electric Bakery Oven Price in South Korea (CIF) - 2022
- Non-Electric Bakery Oven Price in South Korea (FOB) - 2022
- Non-Electric Bakery Oven Imports in South Korea
- Non-Electric Bakery Oven Exports in South Korea
Non-Electric Bakery Oven Price in South Korea (CIF) - 2022
The average non-electric bakery oven import price stood at $8,627 per unit in 2022, declining by -1.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 68%. The import price peaked at $11,685 per unit in 2014; however, from 2015 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 ($102,563 per unit), while the price for Italy ($2,502 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Bakery Oven Price in South Korea (FOB) - 2022
The average non-electric bakery oven export price stood at $8,676 per unit in 2022, shrinking by -9.2% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 export price increased by +111.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $9,560 per unit in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19,206 per unit), while the average price for exports to China ($2,636 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 Russia (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electric Bakery Oven Imports in South Korea
In 2022, approx. 374 units of non-electric bakery ovens were imported into South Korea; dropping by -15.6% against 2021 figures. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. Imports peaked at 593 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, non-electric bakery oven imports dropped markedly to $3.2M in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Imports peaked at $4.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Electric Bakery Oven in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 249 | 319 | 1,573 | 1,263 | 71.8% |
| Italy | 667 | 294 | 628 | 504 | -8.9% |
| Sweden | 149 | 333 | 615 | 494 | 49.1% |
| China | 104 | 135 | 411 | 330 | 46.9% |
| United States | 676 | 193 | 304 | 307 | -23.1% |
| Germany | 32.6 | 791 | 258 | 283 | 105.5% |
| Slovenia | N/A | 4.4 | N/A | N/A | 0% |
| Czech Republic | 609 | 414 | N/A | N/A | -32.0% |
| Netherlands | 2,227 | N/A | N/A | N/A | 0% |
| Others | 183 | 76.6 | 105 | 44.5 | -37.6% |
| Total | 4,897 | 2,559 | 3,894 | 3,227 | -13.0% |
Top Suppliers of Non-Electric Bakery Oven to South Korea in 2022:
- Italy (201.0 units)
- United States (54.0 units)
- Germany (36.0 units)
- China (32.0 units)
- Sweden (31.0 units)
- Japan (12.0 units)
Non-Electric Bakery Oven Exports in South Korea
In 2022, shipments abroad of non-electric bakery ovens was finally on the rise to reach 247 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at 403 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-electric bakery oven exports soared to $2.1M in 2022. Over the period under review, exports, however, continue to indicate a deep slump. Over the period under review, the exports reached the maximum at $2.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Electric Bakery Oven in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 361 | 1,339 | 4.6 | 1,786 | 70.4% |
| China | 147 | 82.8 | 57.1 | 230 | 16.1% |
| United States | 68.1 | 6.9 | 23.5 | 95.0 | 11.7% |
| Philippines | 95.8 | 0.9 | 4.4 | 17.7 | -43.0% |
| Pakistan | 65.1 | 6.7 | N/A | 14.1 | -39.9% |
| Russia | N/A | N/A | 1,539 | N/A | 0% |
| Ghana | 8.7 | N/A | 0.1 | N/A | -89.3% |
| Indonesia | 1,041 | N/A | 7.6 | N/A | -91.5% |
| Egypt | 821 | N/A | 13.5 | N/A | -87.2% |
| Australia | 1.0 | N/A | N/A | N/A | 0% |
| Canada | 92.0 | N/A | N/A | N/A | 0% |
| Others | 4.8 | 1,062 | 138 | N/A | 436.2% |
| Total | 2,706 | 2,498 | 1,788 | 2,143 | -7.5% |
Top Export Markets for Non-Electric Bakery Oven from South Korea in 2022:
- Vietnam (152.0 units)
- China (87.0 units)
- United States (5.0 units)
- Pakistan (2.0 units)
- Philippines (1.0 units)
This report provides an in-depth analysis of the non-electric bakery oven market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
289
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