EU: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in the EU

The EU industrial bakery machinery market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, recorded a mild slump. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Industrial Bakery Machinery Production in the EU

In value terms, industrial bakery machinery production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 11%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Industrial Bakery Machinery Exports

Exports in the EU

Industrial bakery machinery exports declined to X units in 2022, with a decrease of -8.9% compared with 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial bakery machinery exports dropped to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy dominates exports structure, resulting at X units, which was approx. 51% of total exports in 2022. France (X units) held an 8.3% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.3%) and Germany (7.7%). Belgium (X units), Austria (X units), Denmark (X units), Spain (X units), Poland (X units) and Hungary (X units) followed a long way behind the leaders.

Italy experienced a relatively flat trend pattern with regard to volume of exports of industrial bakery machinery. At the same time, Hungary (+4.9%), Poland (+4.6%), Belgium (+4.6%), Spain (+4.1%) and the Netherlands (+2.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +4.9% from 2012-2022. Austria and Denmark experienced a relatively flat trend pattern. By contrast, France (-2.5%) and Germany (-4.3%) illustrated a downward trend over the same period. Italy (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while France and Germany saw its share reduced by -2.7% and -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest industrial bakery machinery supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Germany, with a 12% share.

In Italy, industrial bakery machinery exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+2.1% per year) and Germany (-4.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of -3.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.4%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the other leaders experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports in the EU

After two years of growth, supplies from abroad of industrial bakery machinery decreased by -17.8% to X units in 2022. The total import volume 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 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, industrial bakery machinery imports declined remarkably to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined rapidly in the following year.

Imports by Country

France (X units), Germany (X units), Belgium (X units), the Netherlands (X units), Romania (X units), Spain (X units), Italy (X units) and Poland (X units) represented roughly 75% of total imports in 2022. Austria (X units), Lithuania (X units), Greece (X units), Hungary (X units) and the Czech Republic (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery importing markets in the European Union were Germany ($X), France ($X) and Belgium ($X), together comprising 40% of total imports.

Belgium, with a CAGR of +6.1%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per unit, falling by -2.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :