Peru: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Peru

The Peruvian non-electric bakery oven market fell markedly to $X in 2022, waning by -39.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports from Peru

After five years of growth, shipments abroad of non-electric bakery ovens decreased by -7.3% to X units in 2022. Over the period under review, exports showed a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 83%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-electric bakery oven exports dropped to $X in 2022. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electric bakery oven exports from Peru, with a 47% share of total exports. Moreover, non-electric bakery oven exports to the United States exceeded the volume sent to the second major destination, Chile (X units), threefold. Panama (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+8.8% per year) and Panama (+13.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-electric bakery ovens exports from Peru, comprising 52% of total exports. The second position in the ranking was held by Chile ($X), with an 18% share of total exports. It was followed by Panama, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+10.6% per year) and Panama (+14.6% per year).

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, declining by -6.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 37% against the previous year. The export price peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Bolivia ($X per unit), while the average price for exports to Panama ($X per unit) and Ecuador ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Electric Bakery Oven Imports

Imports into Peru

In 2022, the amount of non-electric bakery ovens imported into Peru dropped rapidly to X units, which is down by -38.9% compared with 2021. Overall, imports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2016 with an increase of 198% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, non-electric bakery oven imports fell markedly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 325% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X units), Germany (X units) and China (X units) were the main suppliers of non-electric bakery oven imports to Peru, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +53.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric bakery oven suppliers to Peru were Germany ($X), China ($X) and Italy ($X), with a combined 72% share of total imports.

Germany, with a CAGR of +55.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric bakery oven import price stood at $X per unit in 2022, growing by 9.6% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 84% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :