Belgium: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian market for industrial, laboratory or bakery ovens, when its value decreased by -25.5% to $X. Over the period under review, consumption continues to indicate a slight descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Belgium

In 2022, overseas shipments of industrial, laboratory or bakery ovens increased by 27% to X units, rising for the seventh year in a row after two years of decline. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 226%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, industrial, laboratory or bakery oven exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 496%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for industrial, laboratory or bakery oven exports from Belgium, accounting for a 41% share of total exports. Moreover, industrial, laboratory or bakery oven exports to France exceeded the volume sent to the second major destination, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.5% per year) and the Netherlands (+25.0% per year).

In value terms, the United States ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Belgium, comprising 55% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by South Korea, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.9% per year) and South Korea (+52.0% per year).

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, falling by -3.2% against the previous year. Overall, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of 115%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 the United States (+7.3%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Belgium

After two years of growth, purchases abroad of industrial, laboratory or bakery ovens decreased by -19.7% to X units in 2022. In general, imports, however, saw a measured increase. The pace of growth was the most pronounced in 2018 with an increase of 109%. Imports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, industrial, laboratory or bakery oven imports declined to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.0% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 54%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest industrial, laboratory or bakery oven supplier to Belgium, with a 63% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.3% per year) and Italy (-13.3% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to Belgium were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 86% share of total imports.

Italy, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, jumping by 16% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average 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 Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :