Estonia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Estonia

The Estonian non-electric bakery oven market fell to $X in 2022, waning by -8.6% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. Non-electric bakery oven consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Electric Bakery Oven Production in Estonia

In value terms, non-electric bakery oven production shrank significantly to $X in 2022 estimated in export price. In general, production, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 2.2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports from Estonia

In 2022, shipments abroad of non-electric bakery ovens increased by 7,900% to X units, rising for the third consecutive year after four years of decline. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric bakery oven exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 88%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units), Moldova (X units) and Sweden (X units) were the main destinations of non-electric bakery oven exports from Estonia, together comprising 69% of total exports. Georgia, Russia, India and Latvia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +20.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Moldova ($X) and Sweden ($X) constituted the largest markets for non-electric bakery oven exported from Estonia worldwide, together comprising 69% of total exports.

Moldova, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, waning by -98.4% against the previous year. Overall, the export price continues to indicate a significant decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined dramatically in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Latvia ($X per unit) and India ($X per unit), while the average price for exports to Russia ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+20.6%), while the prices for the other major destinations experienced a decline.

Non-Electric Bakery Oven Imports

Imports into Estonia

Non-electric bakery oven imports into Estonia expanded notably to X units in 2022, growing by 14% against 2021. Over the period under review, imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2021 with an increase of 1,850% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, non-electric bakery oven imports declined significantly to $X in 2022. Overall, imports, however, saw a precipitous contraction. The growth pace was the most rapid in 2021 when imports increased by 791%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest non-electric bakery oven supplier to Estonia, with a 47% share of total imports. Moreover, non-electric bakery oven imports from Sweden exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Finland (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Finland (+25.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of non-electric bakery ovens to Estonia, comprising 47% of total imports. The second position in the ranking was held by Italy ($X), with a 7.7% share of total imports. It was followed by Finland, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to -15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-19.1% per year) and Finland (+47.2% per year).

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, reducing by -78% against the previous year. In general, the import price saw a precipitous decrease. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per unit) and Italy ($X per unit), while the price for Finland ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform