EU: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in the EU

In 2022, the EU non-electric bakery oven market increased by 36% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.2% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Electric Bakery Oven Production in the EU

In value terms, non-electric bakery oven production rose sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports in the EU

In 2022, overseas shipments of non-electric bakery ovens decreased by -17.4% to X units, falling for the second consecutive year after four years of growth. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 48%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-electric bakery oven exports declined to $X in 2022. Over the period under review, exports saw a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) and Italy (X units) were the main exporters of non-electric bakery ovens in 2022, accounting for near 35% and 26% of total exports, respectively. Germany (X units) ranks next in terms of the total exports with a 9% share, followed by Denmark (6.7%) and Slovenia (5.4%). The Czech Republic (X units) and Sweden (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +24.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Italy ($X) remains the largest non-electric bakery oven supplier in the European Union, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Denmark, with a 7.6% share.

In Italy, non-electric bakery oven exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.1% per year) and Denmark (-4.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, increasing by 3.3% against the previous year. In general, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by 40%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 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 Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%), while the other leaders experienced more modest paces of growth.

Non-Electric Bakery Oven Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of non-electric bakery ovens, which increased by 25% to X units in 2022. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 129% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-electric bakery oven imports contracted markedly to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 84% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain represented the main importing country with an import of about X units, which resulted at 58% of total imports. Greece (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (4.5%). Poland (X units), Romania (X units), Germany (X units), France (X units), Portugal (X units), Italy (X units) and Austria (X units) took a little share of total imports.

Spain was also the fastest-growing in terms of the non-electric bakery ovens imports, with a CAGR of +40.7% from 2012 to 2022. At the same time, Greece (+38.4%), Slovakia (+14.4%), Portugal (+13.6%), Austria (+9.5%) and Italy (+1.1%) displayed positive paces of growth. Poland, Romania and Germany experienced a relatively flat trend pattern. By contrast, France (-1.4%) illustrated a downward trend over the same period. While the share of Spain (+51 p.p.) and Greece (+8.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-5.6 p.p.), Germany (-6.6 p.p.), Romania (-7.2 p.p.), France (-8 p.p.) and Poland (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric bakery oven importing markets in the European Union were Spain ($X), Slovakia ($X) and Poland ($X), with a combined 44% share of total imports. Germany, France, Greece, Italy, Romania, Austria and Portugal lagged somewhat behind, together accounting for a further 34%.

Greece, with a CAGR of +18.4%, 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

In 2022, the import price in the European Union amounted to $X per unit, reducing by -37.1% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when the import price increased by 16% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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