Report Update Nov 1, 2024

Ecuador - Electric Bakery and Biscuit Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Ecuador

The Ecuadorian market for industrial, laboratory or bakery ovens declined remarkably to $X in 2022, reducing by -36.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Ecuador

In 2022, exports of industrial, laboratory or bakery ovens from Ecuador reduced notably to X units, with a decrease of -66.7% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 300%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports soared to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,144% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for industrial, laboratory or bakery oven exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia was relatively modest.

In value terms, Colombia ($X) also remains the key foreign market for industrial, laboratory or bakery ovens exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +22.2%.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, surging by 409% against the previous year. In general, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +22.2% per year.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Ecuador

In 2022, the amount of industrial, laboratory or bakery ovens imported into Ecuador declined remarkably to X units, waning by -34.6% on the year before. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 346%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, industrial, laboratory or bakery oven imports contracted significantly to $X in 2022. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 343% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Ecuador, accounting for a 23% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Argentina (X units), threefold. China (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+55.4% per year) and China (+27.8% per year).

In value terms, Italy ($X), Germany ($X) and Spain ($X) constituted the largest industrial, laboratory or bakery oven suppliers to Ecuador, together accounting for 34% of total imports. Argentina, China, the United States, Brazil, Hong Kong SAR and South Africa lagged somewhat behind, together comprising a further 22%.

Argentina, with a CAGR of +57.4%, saw the highest growth rate of 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

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, shrinking by -6.3% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Brazil ($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 (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial, laboratory or bakery ovens in the world?

South Africa remains the largest industrial, laboratory or bakery oven consuming country worldwide, accounting for 30% of total volume. Moreover, industrial, laboratory or bakery oven consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the largest producers of industrial, laboratory or bakery ovens in the world?

China remains the largest industrial, laboratory or bakery oven producing country worldwide, accounting for 29% of total volume. Moreover, industrial, laboratory or bakery oven production in China exceeded the figures recorded by the second-largest producer, Italy, threefold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of industrial, laboratory or bakery ovens to Ecuador?

In value terms, Italy, Germany and Spain were the largest industrial, laboratory or bakery oven suppliers to Ecuador, together comprising 66% of total imports.

What is the average export price for industrial, laboratory or bakery ovens in Ecuador?

The average export price for industrial, laboratory or bakery ovens stood at $434 per unit in 2021, reducing by -18.7% against the previous year.

What is the average import price for industrial, laboratory or bakery ovens in Ecuador?

In 2021, the average import price for industrial, laboratory or bakery ovens amounted to $1,431 per unit, surging by 2.4% against the previous year.

This report provides an in-depth analysis of the market for industrial, laboratory or bakery oven in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211330 - Electric bakery and biscuit ovens
Prodcom 28211351 - Resistance heated industrial or laboratory furnaces and ovens (excluding bakery and biscuit ovens)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023