Benelux: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Benelux

After two years of growth, the Benelux market for industrial, laboratory or bakery ovens decreased by -20.4% to $X in 2022. In general, consumption saw a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Benelux

In value terms, industrial, laboratory or bakery oven production surged to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 710%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in Benelux

In 2022, overseas shipments of industrial, laboratory or bakery ovens increased by 25% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, industrial, laboratory or bakery oven exports skyrocketed to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium represented the key exporting country with an export of about X units, which recorded 72% of total exports. It was distantly followed by the Netherlands (X units), creating a 28% share of total exports.

Belgium was also the fastest-growing in terms of the industrial, laboratory or bakery ovens exports, with a CAGR of +15.2% from 2012 to 2022. The Netherlands (-3.2%) illustrated a downward trend over the same period. While the share of Belgium (+41 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-41 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Belgium, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, reducing by -7.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 47%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports in Benelux

After two years of growth, supplies from abroad of industrial, laboratory or bakery ovens decreased by -18% to X units in 2022. Over the period under review, imports, however, saw noticeable growth. The growth pace was the most rapid in 2018 with an increase of 80% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank significantly in the following year.

In value terms, industrial, laboratory or bakery oven imports contracted to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 37%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Belgium represented the major importer of industrial, laboratory or bakery ovens in Benelux, with the volume of imports amounting to X units, which was approx. 75% of total imports in 2022. It was distantly followed by the Netherlands (X units), comprising a 25% share of total imports.

Imports into Belgium increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, the Netherlands (+17.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +17.7% from 2012-2022. While the share of the Netherlands (+17 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-16.6 p.p.) displayed negative dynamics.

In value terms, the largest industrial, laboratory or bakery oven importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with an increase of 12% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial, laboratory or bakery oven import price decreased by -10.4% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 72%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%).

Source: IndexBox Platform