Finland: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Finland

In 2022, after two years of growth, there was significant decline in the Finnish market for industrial, laboratory or bakery ovens, when its value decreased by X% to $X. In general, consumption, however, continues to indicate resilient growth. Industrial, laboratory or bakery oven consumption peaked at $X in 2021, and then declined in the following year.

Production of Industrial, Laboratory or Bakery Ovens in Finland

In value terms, industrial, laboratory or bakery oven production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated mild growth 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Exports of Industrial, Laboratory or Bakery Ovens

Exports from Finland

In 2022, after two years of decline, there was significant growth in overseas shipments of industrial, laboratory or bakery ovens, when their volume increased by X% to X units. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports soared to $X in 2022. In general, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for industrial, laboratory or bakery oven exports from Finland, accounting for a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Russia exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the United States (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for industrial, laboratory or bakery ovens exports from Finland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, stabilizing at the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Switzerland ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Finland

In 2022, the amount of industrial, laboratory or bakery ovens imported into Finland dropped remarkably to X units, which is down by X% against 2021. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports shrank to $X in 2022. Over the period under review, imports, however, posted moderate growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Sweden (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Finland, together accounting for X% of total imports. Italy, China, the United States, the UK, Denmark and Norway lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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