Africa: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Africa

The African market for industrial, laboratory or bakery ovens reached $X in 2022, picking up by 4% against the previous year. In general, consumption recorded a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Industrial, Laboratory or Bakery Ovens in Africa

In value terms, industrial, laboratory or bakery oven production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 44%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Africa

In 2022, overseas shipments of industrial, laboratory or bakery ovens increased by 47% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of 207% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, industrial, laboratory or bakery oven exports shrank sharply to $X in 2022. In general, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 349% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X units) was the key exporter of industrial, laboratory or bakery ovens, constituting 60% of total exports. It was distantly followed by Mozambique (X units) and Egypt (X units), together comprising a 31% share of total exports. Namibia (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from South Africa stood at +20.9%. At the same time, Mozambique (+45.7%), Namibia (+23.6%) and Egypt (+1.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +45.7% from 2012-2022. While the share of South Africa (+34 p.p.), Mozambique (+25 p.p.) and Namibia (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (-7.8 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest industrial, laboratory or bakery oven supplier in Africa, comprising 42% of total exports. The second position in the ranking was taken by Egypt ($X), with an 18% share of total exports. It was followed by Namibia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Egypt (+4.6% per year) and Namibia (+42.7% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by -46.7% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 238%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+15.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Africa

In 2022, supplies from abroad of industrial, laboratory or bakery ovens increased by 124% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial, laboratory or bakery oven imports surged to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Egypt prevails in imports structure, accounting for X units, which was near 78% of total imports in 2022. It was distantly followed by Algeria (X units), constituting an 8.9% share of total imports. The following importers - Morocco (X units), South Africa (X units) and Tunisia (X units) - together made up 5.9% of total imports.

Imports into Egypt increased at an average annual rate of +11.0% from 2012 to 2022. At the same time, Algeria (+11.8%), Morocco (+4.7%), Tunisia (+3.8%) and South Africa (+3.5%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +11.8% from 2012-2022. From 2012 to 2022, the share of Egypt increased by +7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial, laboratory or bakery oven importing markets in Africa were Egypt ($X), Algeria ($X) and Tunisia ($X), with a combined 61% share of total imports.

In terms of the main importing countries, Egypt, with a CAGR of +13.6%, recorded the highest growth rate of 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 import price in Africa stood at $X per unit in 2022, shrinking by -43% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by 79%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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