EU: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in the EU

The EU market for industrial, laboratory or bakery ovens fell to $X in 2022, which is down by -6.6% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Industrial, Laboratory or Bakery Ovens in the EU

In value terms, industrial, laboratory or bakery oven production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 33%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports in the EU

In 2022, shipments abroad of industrial, laboratory or bakery ovens decreased by -15.2% to X units for the first time since 2016, thus ending a five-year rising trend. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, industrial, laboratory or bakery oven exports fell to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Italy (X units) represented the key exporter of industrial, laboratory or bakery ovens, creating 62% of total exports. It was distantly followed by Germany (X units) and the Czech Republic (X units), together creating a 15% share of total exports. Spain (X units), Belgium (X units), Lithuania (X units), Austria (X units), France (X units) and the Netherlands (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from Italy stood at +5.9%. At the same time, Spain (+27.2%), Belgium (+15.2%), France (+2.4%) and Germany (+1.6%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +27.2% from 2012-2022. By contrast, Lithuania (-1.6%), the Netherlands (-3.2%), the Czech Republic (-5.3%) and Austria (-12.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Spain and Belgium increased by +14, +3.9 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial, laboratory or bakery oven supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined 72% share of total exports. Austria, the Czech Republic, Spain, Lithuania, the Netherlands and Belgium lagged somewhat behind, together comprising a further 16%.

Among 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with an increase of 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.5%), while the other leaders experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports in the EU

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported in the European Union; which is down by -10.4% compared with the year before. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, industrial, laboratory or bakery oven imports fell to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 40%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X units) and Belgium (X units) represented roughly 48% of total imports in 2022. It was distantly followed by Italy (X units), France (X units), the Netherlands (X units) and Poland (X units), together creating a 28% share of total imports. The following importers - Germany (X units), Romania (X units), Portugal (X units), Lithuania (X units), the Czech Republic (X units), Greece (X units) and Sweden (X units) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Portugal (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial, laboratory or bakery oven importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising 34% of total imports. Poland, Italy, the Netherlands, the Czech Republic, Romania, Belgium, Lithuania, Sweden, Portugal and Greece lagged somewhat behind, together accounting for a further 43%.

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, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, picking up by 1.5% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 15%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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