U.S.: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in the U.S.

The U.S. non-electric bakery oven market reached $X in 2022, approximately mirroring the previous year. In general, consumption, however, saw a resilient expansion. Non-electric bakery oven consumption peaked in 2022 and is expected to retain growth in the near future.

Non-Electric Bakery Oven Production in the U.S.

In value terms, non-electric bakery oven production reduced slightly to $X in 2022. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Non-Electric Bakery Oven Exports

Exports from the U.S.

In 2022, overseas shipments of non-electric bakery ovens increased by 36% to X units, rising for the second consecutive year after six years of decline. Overall, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 43% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-electric bakery oven exports surged to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 49% 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

Canada (X units), Germany (X units) and Mexico (X units) were the main destinations of non-electric bakery oven exports from the United States, together accounting for 41% of total exports. India, the UK, Indonesia, Australia, the Netherlands, Guatemala, New Zealand, Chile, Thailand and Turkey lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +52.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Germany ($X) and Mexico ($X) were the largest markets for non-electric bakery oven exported from the United States worldwide, together comprising 43% of total exports. India, the UK, Indonesia, the Netherlands, Australia, Guatemala, Chile, New Zealand, Thailand and Turkey lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Guatemala, with a CAGR of +49.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, surging by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Turkey ($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 Turkey (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Bakery Oven Imports

Imports into the U.S.

In 2022, non-electric bakery oven imports into the United States soared to X units, jumping by 20% on 2021 figures. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 170%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-electric bakery oven imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric bakery oven supplier to the United States, accounting for a 48% share of total imports. Moreover, non-electric bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Canada (X units), fivefold. The third position in this ranking was taken by China (X units), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+14.9% per year) and China (+21.4% per year).

In value terms, Canada ($X), Italy ($X) and Sweden ($X) were the largest non-electric bakery oven suppliers to the United States, with a combined 59% share of total imports. Denmark, Germany, Australia, China, the UK, Spain, Portugal and Turkey lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Portugal, with a CAGR of +54.1%, recorded 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

The average non-electric bakery oven import price stood at $X per unit in 2022, surging by 10% against the previous year. Over the period under review, the import price, however, showed a deep setback. The growth pace was the most rapid in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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