EU: Electric Oven Market 2020

Electric Oven Market Size in the EU

The revenue of the electric oven market in the European Union amounted to $X in 2017, going down by -X% against the previous year. The electric oven consumption continues to indicate a temperate downturn. The growth pace was the most rapid in 2016, with an increase of X% against the previous year. Over the period under review, the electric oven market attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Electric Oven Production in the EU

In 2017, the amount of electric furnaces and ovens produced in the European Union totaled X units, leveling off at the previous year. The electric oven production continues to indicate a slight decline. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the electric oven production attained their peak volume of X units. From 2012 to 2017, growth of the electric oven production failed to regain its momentum.

Electric Oven Exports in the EU

In 2017, exports of electric furnaces and ovens in the European Union amounted to X units, increasing by X% against the previous year. The electric oven exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the electric oven exports attained its peak figure volume of X units in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, electric oven exports totaled $X in 2017. The electric oven exports continue to indicate a relatively flat trend pattern. Over the period under review, the electric oven exports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Electric Oven Exports by Country in the EU

The UK represented the key exporting country with an export of about X units, which recorded X% of total exports. The Netherlands (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by the Czech Republic (X%). The following exporters - Latvia (X units), France (X units), Italy (X units) and Germany (X units) each recorded a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electric oven exports from the UK stood at -X%. At the same time, Germany (+X%), the Netherlands (+X%), the Czech Republic (+X%) and Latvia (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. France experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of the UK (X%) increased significantly in terms of the global exports from 2007-2017, the share of the Czech Republic (-X%) and the Netherlands (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electric oven supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

In Germany, electric oven exports remained relatively stable over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and the UK (-X% per year).

Electric Oven Export Prices by Country in the EU

The electric oven export price in the European Union stood at $X per unit in 2017, going down by -X% against the previous year. The electric oven export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, when the export prices increased by X% against the previous year. In that year, the export prices for electric furnaces and ovens reached their peak level of $X per unit, and then declined slightly in the following year.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Italy (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Electric Oven Imports in the EU

The imports totaled X units in 2017, approximately mirroring the previous year. The electric oven imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when imports increased by X% against the previous year. The volume of imports peaked of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, electric oven imports totaled $X in 2017. The electric oven imports continue to indicate a noticeable setback. Over the period under review, the electric oven imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Electric Oven Imports by Country in the EU

In 2017, the UK (X units) represented the largest importer for electric furnaces and ovens, making up X% of total imports. Latvia (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Belgium (X%). Austria (X units), Poland (X units), Italy (X units), Slovakia (X units), France (X units), the Netherlands (X units), Croatia (X units), Germany (X units) and Ireland (X units) took the minor share of total imports.

Imports into the UK decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Ireland (+X%), Germany (+X%), Latvia (+X%), Poland (+X%), Slovakia (+X%), Croatia (+X%), Italy (+X%), Belgium (+X%), Austria (+X%) and France (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest growing importer in the European Union, with a CAGR of +X% from 2007-2017. By contrast, the Netherlands (-X%) illustrated a downward trend over the same period. While the share of the UK (X%) increased significantly in terms of the global imports from 2007-2017, the share of Italy (-X%), Ireland (-X%), Germany (-X%), Slovakia (-X%), Belgium (-X%), Poland (-X%) and Latvia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric oven markets worldwide were Germany ($X), the UK ($X) and France ($X), with a combined X% share of total imports. These countries were followed by Italy, Poland, Belgium, Austria, the Netherlands, Slovakia, Ireland, Latvia and Croatia, which together accounted for a further X%.

In terms of the main importing countries , Latvia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced mixed trends in the imports figures.

Electric Oven Import Prices by Country in the EU

In 2017, the electric oven import price in the European Union amounted to $X per unit, coming up by X% against the previous year. The electric oven import price continues to indicate a significant deduction. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. In that year, the import prices for electric furnaces and ovens attained their peak level of $X per unit. From 2016 to 2017, growth of the import prices for electric furnaces and ovens failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X thousand per unit), while Latvia ($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 the UK (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform