Eastern Europe: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Eastern Europe

In 2022, the East European market for industrial, laboratory or bakery ovens decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a perceptible downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Industrial, Laboratory or Bakery Ovens in Eastern Europe

In value terms, industrial, laboratory or bakery oven production surged to $X in 2022 estimated in export price. Overall, production posted prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Eastern Europe

After four years of growth, shipments abroad of industrial, laboratory or bakery ovens decreased by X% to X units in 2022. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports shrank to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, the Czech Republic (X units) was the main exporter of industrial, laboratory or bakery ovens, comprising X% of total exports. It was distantly followed by Lithuania (X units) and Poland (X units), together achieving a X% share of total exports. The following exporters - Bulgaria (X units), Estonia (X units) and Russia (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial, laboratory or bakery oven supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Lithuania ($X), together accounting for X% of total exports.

Poland, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Eastern Europe

In 2022, purchases abroad of industrial, laboratory or bakery ovens decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, industrial, laboratory or bakery oven imports declined markedly to $X in 2022. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) and Romania (X units) represented the main importers of industrial, laboratory or bakery ovens in Eastern Europe, together amounting to near X% of total imports. Lithuania (X units) took the next position in the ranking, followed by the Czech Republic (X units), Ukraine (X units), Slovakia (X units), Hungary (X units) and Latvia (X units). All these countries together took approx. X% share of total imports. Belarus (X units) followed a long way behind the leaders.

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

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Lithuania, Ukraine, Hungary, Slovakia, Belarus and Latvia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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