Turkey: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Turkey

The Turkish market for industrial, laboratory or bakery ovens fell modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Turkey

In value terms, industrial, laboratory or bakery oven production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Industrial, laboratory or bakery oven production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Industrial, Laboratory or Bakery Ovens

Exports from Turkey

Industrial, laboratory or bakery oven exports from Turkey reduced sharply to X units in 2022, waning by X% compared with 2021 figures. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped notably in the following year.

In value terms, industrial, laboratory or bakery oven exports declined to $X in 2022. The total export 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 was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Romania (X units) was the main destination for industrial, laboratory or bakery oven exports from Turkey, with a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Romania exceeded the volume sent to the second major destination, Germany (X units), twofold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

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

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Romania ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Turkey

In 2022, after two years of growth, there was significant decline in overseas purchases of industrial, laboratory or bakery ovens, when their volume decreased by X% to X units. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, industrial, laboratory or bakery oven imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Turkey, together accounting for X% of total imports. The United States, Austria, Spain and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest industrial, laboratory or bakery oven suppliers to Turkey, with a combined X% share of total imports. The United States, Austria, Spain and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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