Sweden: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Sweden

After three years of decline, the Swedish non-electric bakery oven market increased by 2.4% to $X in 2022. Overall, consumption, however, showed a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Electric Bakery Oven Production in Sweden

In value terms, non-electric bakery oven production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 3.5% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports from Sweden

After four years of growth, shipments abroad of non-electric bakery ovens decreased by -20.4% to X units in 2022. Over the period under review, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 51%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-electric bakery oven exports soared to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric bakery oven exports from Sweden, accounting for a 33% share of total exports. Moreover, non-electric bakery oven exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-10.2% per year) and Japan (-3.9% per year).

In value terms, the United States ($X) remains the key foreign market for non-electric bakery ovens exports from Sweden, comprising 34% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.5% share of total exports. It was followed by Japan, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-7.3% per year) and Japan (-0.8% per year).

Export Prices by Country

The average non-electric bakery oven export price stood at $X per unit in 2022, increasing by 47% against the previous year. Over the period under review, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and India ($X per unit), while the average price for exports to Israel ($X per unit) and Denmark ($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 Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Bakery Oven Imports

Imports into Sweden

In 2022, non-electric bakery oven imports into Sweden fell to X units, with a decrease of -12.1% compared with 2021. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 5,040% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-electric bakery oven imports expanded significantly to $X in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,636% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X units), the UK (X units) and the United States (X units) were the main suppliers of non-electric bakery oven imports to Sweden, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric bakery oven suppliers to Sweden were Austria ($X), the UK ($X) and the United States ($X), together accounting for 85% of total imports. The Netherlands, Estonia, Spain, Italy, Australia and Germany lagged somewhat behind, together accounting for a further 13%.

Spain, with a CAGR of +40.4%, saw the highest growth rate of the value of imports, among 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, jumping by 22% against the previous year. Overall, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 558%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Australia ($X per unit), while the price for Spain ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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