Ireland: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in Ireland

The Irish market for industrial, laboratory or bakery ovens was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Industrial, Laboratory or Bakery Ovens in Ireland

In value terms, industrial, laboratory or bakery oven production expanded notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. Industrial, laboratory or bakery oven production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Ireland

In 2022, the amount of industrial, laboratory or bakery ovens exported from Ireland rose significantly to X units, surging by 5.3% against the year before. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2015 when exports increased by 740% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports surged to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 685% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units) and the UK (X units) were the main destinations of industrial, laboratory or bakery oven exports from Ireland.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +32.0%).

In value terms, the largest markets for industrial, laboratory or bakery oven exported from Ireland were Norway ($X) and the UK ($X).

The UK, with a CAGR of +32.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, jumping by 19% against the previous year. In general, the export price, however, showed a deep downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Norway totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Ireland

For the third consecutive year, Ireland recorded decline in overseas purchases of industrial, laboratory or bakery ovens, which decreased by 0% to less than X units in 2022. In general, imports showed a precipitous decline. The smallest decline of -77.5% was in 2020. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports declined to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 128%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2020, the United States (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Ireland, accounting for a 55% share of total imports. Moreover, industrial, laboratory or bakery oven imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The UK (X units) ranked third in terms of total imports with a 9.8% share.

From 2019 to 2020, the average annual growth rate of volume from the United States amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-89.5% per year) and the UK (-85.6% per year).

In value terms, the United States ($X), Italy ($X) and South Korea ($X) appeared to be the largest industrial, laboratory or bakery oven suppliers to Ireland, together accounting for 60% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +535.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2020, rising by 913% against the previous year. Over the period under review, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2019 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (+48,194.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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