CIS: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in CIS

The CIS market for industrial, laboratory or bakery ovens declined dramatically to $X in 2022, falling by X% against the previous year. Overall, consumption saw a deep reduction. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Industrial, Laboratory or Bakery Ovens in CIS

In value terms, industrial, laboratory or bakery oven production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in CIS

In 2022, exports of industrial, laboratory or bakery ovens in the CIS dropped notably to X units, which is down by X% on the year before. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports fell notably to $X in 2022. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the largest exporter of industrial, laboratory or bakery ovens in the CIS, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Belarus (X units) held the second position in the ranking, distantly followed by Armenia (X units) and Moldova (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest industrial, laboratory or bakery oven supplying countries in the CIS were Belarus ($X), Russia ($X) and Armenia ($X), together accounting for X% of total exports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in CIS

After five years of growth, overseas purchases of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, industrial, laboratory or bakery oven imports shrank markedly to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Uzbekistan (X units) and Kazakhstan (X units) were the main importers of industrial, laboratory or bakery ovens in 2022, resulting at near X% and X% of total imports, respectively. Armenia (X units) ranks next in terms of the total imports with a X% share, followed by Kyrgyzstan (X%) and Belarus (X%). The following importers - Tajikistan (X units) and Moldova (X units) - together made up X% of total imports.

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

In value terms, the largest industrial, laboratory or bakery oven importing markets in the CIS were Kazakhstan ($X), Uzbekistan ($X) and Belarus ($X), together accounting for X% of total imports. Moldova, Kyrgyzstan, Armenia and Tajikistan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Armenia, with a CAGR of X%, recorded the highest growth rate of 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 import price in the CIS amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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