Middle East: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in the Middle East

The Middle Eastern market for industrial, laboratory or bakery ovens reached $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Industrial, Laboratory or Bakery Ovens in the Middle East

In value terms, industrial, laboratory or bakery oven production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in the Middle East

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported in the Middle East; with a decrease of X% on the previous year's figure. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, industrial, laboratory or bakery oven exports shrank to $X in 2022. Total exports indicated pronounced 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Israel (X units) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest industrial, laboratory or bakery oven supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports in the Middle East

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported in the Middle East; waning by X% on the previous year. Total imports indicated a pronounced expansion 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, industrial, laboratory or bakery oven imports declined markedly to $X in 2022. In general, imports showed a slight decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Turkey (X units) and Israel (X units) represented the key importers of industrial, laboratory or bakery ovens in the Middle East, together resulting at approx. X% of total imports. The United Arab Emirates (X units) ranks next in terms of the total imports with a X% share, followed by Qatar (X%), Iraq (X%) and Kuwait (X%). Iran (X units) followed a long way behind the leaders.

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

In value terms, Turkey ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, industrial, laboratory or bakery oven imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :