Overview of the Global Market for Industrial, Laboratory or Bakery Ovens

Market Size for Industrial, Laboratory or Bakery Ovens

The global market for industrial, laboratory or bakery ovens expanded modestly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated prominent 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, consumption increased by X% against 2013 indices. Over the period under review, the global market reached the maximum level in 2022 and is likely to continue growth in the near future.

Production of Industrial, Laboratory or Bakery Ovens

In value terms, industrial, laboratory or bakery oven production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth remained at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports

In 2022, overseas shipments of industrial, laboratory or bakery ovens decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a slight increase 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then dropped markedly in the following year.

In value terms, industrial, laboratory or bakery oven exports shrank sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The global exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

In 2022, Italy (X units) was the largest exporter of industrial, laboratory or bakery ovens, comprising X% of total exports. The UK (X units) ranks second in terms of the total exports with an X% share, followed by Japan (X%) and Germany (X%). The following exporters - Turkey (X units), South Korea (X units), the Czech Republic (X units), Spain (X units), Belgium (X units), the United States (X units), Lithuania (X units), Austria (X units) and France (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from Italy stood at X%. At the same time, Spain (X%), Austria (X%), Belgium (X%), the UK (X%), South Korea (X%), Japan (X%), France (X%), Turkey (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%), the United States (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, the UK, Japan, Spain, South Korea and Turkey increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. The United States, South Korea, France, Austria, the Czech Republic, the UK, Spain, Lithuania, Turkey and Belgium lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a slight curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other global leaders experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports

In 2022, purchases abroad of industrial, laboratory or bakery ovens decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed resilient growth. 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 units, and then contracted sharply in the following year.

In value terms, industrial, laboratory or bakery oven imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the UK (X units) and Singapore (X units) were the major importers of industrial, laboratory or bakery ovensin the world, together making up X% of total imports. It was distantly followed by Canada (X units), Belgium (X units) and Spain (X units), together generating a X% share of total imports. South Korea (X units), the Philippines (X units), the United States (X units), China (X units), Malaysia (X units), Italy (X units), France (X units) and Vietnam (X units) followed a long way behind the leaders.

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

In value terms, China ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens worldwide, comprising X% of global imports. The second position in the ranking was taken by the United States ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, industrial, laboratory or bakery oven imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt setback. Global 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 destination: amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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