EU: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in the EU

The EU market for industrial, laboratory or bakery ovens fell to $X in 2022, remaining constant against the previous year. Overall, consumption, however, saw a strong increase. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Production of Industrial, Laboratory or Bakery Ovens in the EU

In value terms, industrial, laboratory or bakery oven production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in the EU

In 2022, shipments abroad of industrial, laboratory or bakery ovens decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated pronounced growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, industrial, laboratory or bakery oven exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Italy was the main exporting country with an export of about X units, which resulted at X% of total exports. Germany (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%). Spain (X units), Belgium (X units), Lithuania (X units), Austria (X units), France (X units) and the Netherlands (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from Italy stood at X%. At the same time, Spain (X%), Austria (X%), Belgium (X%), France (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%), Lithuania (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Spain (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lithuania (X p.p.), Germany (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial, laboratory or bakery oven supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), together comprising X% of total exports. Austria, the Czech Republic, Spain, Lithuania, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

Belgium, 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a mild decrease. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

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

Imports of Industrial, Laboratory or Bakery Ovens

Imports in the EU

In 2022, imports of industrial, laboratory or bakery ovens in the European Union dropped to X units, shrinking by X% on the previous year's figure. Total imports indicated temperate growth from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, industrial, laboratory or bakery oven imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Belgium (X units) and Spain (X units) represented roughly X% of total imports in 2022. Italy (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), the Netherlands (X%) and Poland (X%). Germany (X units), Romania (X units), Ireland (X units), Portugal (X units), Lithuania (X units), the Czech Republic (X units) and Denmark (X units) held a minor share of total imports.

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

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Poland, Italy, the Netherlands, the Czech Republic, Romania, Belgium, Lithuania, Portugal, Denmark and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Netherlands, 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

The import price in the European Union stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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