CIS: Electric Oven Market 2020

Electric Oven Market Size in CIS

The revenue of the electric oven market in CIS amounted to $X in 2017, lowering by -X% against the previous year. The electric oven consumption continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2012, when market value increased by X% against the previous year. In that year, the electric oven market reached their peak level of $X. From 2013 to 2017, growth of the electric oven market stood at a somewhat lower level.

Electric Oven Production in CIS

In 2017, approx. X units of electric furnaces and ovens were produced in CIS; remaining constant against the previous year. The electric oven production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The volume of electric oven production peaked in 2017, and is expected to retain its growth in the immediate term.

Electric Oven Exports in CIS

In 2017, the amount of electric furnaces and ovens exported in CIS stood at X units, rising by X% against the previous year. The total exports indicated a slight increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. In that year, the electric oven exports attained their peak volume of X units. From 2015 to 2017, growth of the electric oven exports stood at a somewhat lower level.

In value terms, electric oven exports amounted to $X in 2017. The electric oven exports continue to indicate an abrupt slump. Over the period under review, the electric oven exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Electric Oven Exports by Country in CIS

Russia represented the main exporter of electric furnaces and ovens in CIS, with the volume of exports accounting for X units, which was near X% of total exports in 2017. It was distantly followed by Belarus (X units) and Moldova (X units), together constituting X% share of total exports.

Exports from Russia decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Belarus (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest growing exporter in CIS, with a CAGR of +X% from 2007-2017. Russia (X%) significantly strengthened its position in terms of the global exports, while Moldova and Belarus saw its share reduced by -X% and -X% from 2007 to 2017, respectively.

In value terms, Russia ($X) remains the largest electric oven supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Belarus ($X), with a X% share of global exports. It was followed by Moldova, with a X% share.

In Russia, electric oven exports decreased by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-X% per year) and Moldova (-X% per year).

Electric Oven Export Prices by Country in CIS

In 2017, the electric oven export price in CIS amounted to $X thousand per unit, declining by -X% against the previous year. The electric oven export price continues to indicate a drastic decline. The growth pace was the most rapid in 2012, when it surged by X% year-to-year. In that year, the export prices for electric furnaces and ovens reached their peak level of $X thousand per unit. From 2013 to 2017, growth of the export prices for electric furnaces and ovens failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Russia ($X thousand per unit), while Moldova ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Russia (-X% per year), while the other leaders experienced a decline in the export price figures.

Electric Oven Imports in CIS

In 2017, the amount of electric furnaces and ovens imported in CIS totaled X units, surging by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric oven imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Over the period under review, the electric oven imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, electric oven imports amounted to $X in 2017. The electric oven imports continue to indicate a drastic slump. Over the period under review, the electric oven imports attained its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Electric Oven Imports by Country in CIS

The countries with the highest levels of electric oven imports in 2017 were Russia (X units), Belarus (X units) and Kazakhstan (X units), together accounting for X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kazakhstan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven markets worldwide were Russia ($X), Kazakhstan ($X) and Belarus ($X), with a combined X% share of total imports.

In terms of the main importing countries , Kazakhstan (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced a decline in the imports figures.

Electric Oven Import Prices by Country in CIS

In 2017, the electric oven import price in CIS amounted to $X thousand per unit, approximately mirroring the previous year. The electric oven import price continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2012, when it surged by X% y-o-y. Over the period under review, the import prices for electric furnaces and ovens reached its maximum level of $X thousand per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Russia ($X thousand per unit), while Belarus ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kazakhstan (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform