Latin America and the Caribbean: Electric Oven Market 2020

Electric Oven Market Size in Latin America and the Caribbean

The revenue of the electric oven market in Latin America and the Caribbean amounted to $X in 2017, declining by -X% against the previous year. The electric oven consumption continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2011, when market value increased by X% y-o-y. Over the period under review, the electric oven market attained its maximum level of $X in 2016, and then declined slightly in the following year.

Electric Oven Production in Latin America and the Caribbean

In 2017, the amount of electric furnaces and ovens produced in Latin America and the Caribbean stood at X units, approximately reflecting the previous year. The electric oven production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when the output figure increased by X% against the previous year. The volume of electric oven production peaked of X units in 2013; afterwards, it flattened through to 2017.

Electric Oven Exports in Latin America and the Caribbean

In 2017, approx. X units of electric furnaces and ovens were exported in Latin America and the Caribbean; rising by X% against the previous year. The electric oven exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017, when exports increased by X% y-o-y. In that year, the electric oven exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, electric oven exports totaled $X in 2017. The electric oven exports continue to indicate a remarkable increase. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Electric Oven Exports by Country in Latin America and the Caribbean

Chile dominates electric oven exports structure, finishing at X units, which was approx. X% of total exports in 2017. Mexico (X units) took the minor share of total exports.

Chile was also the fastest growing in terms of the electric furnaces and ovens exports, with a CAGR of +X% from 2007 to 2017. Mexico (-X%) illustrated a downward trend over the same period. While the share of Mexico (X%) increased significantly in terms of the global exports from 2007-2017, the share of Chile (-X%) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest electric oven supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Chile ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Mexico stood at +X%.

Electric Oven Export Prices by Country in Latin America and the Caribbean

The electric oven export price in Latin America and the Caribbean stood at $X per unit in 2017, lowering by -X% against the previous year. The electric oven export price continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. The level of export price peaked of $X per unit in 2016, 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 Mexico ($X per unit), while Chile ($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 Mexico (+X% per year).

Electric Oven Imports in Latin America and the Caribbean

In 2017, the amount of electric furnaces and ovens imported in Latin America and the Caribbean stood at X units, going up by X% against the previous year. The electric oven imports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2017, when imports increased by X% against the previous year. In that year, the electric oven imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, electric oven imports stood at $X in 2017. The total imports indicated a perceptible expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric oven imports increased by +X% against 2014 indices. In that year, the electric oven imports attained their peak level, and are likely to continue its growth in the immediate term.

Electric Oven Imports by Country in Latin America and the Caribbean

Ecuador (X units) and Mexico (X units) represented the major importers of electric furnaces and ovens in 2017, recording approx. X% and X% of total imports, respectively. It was distantly followed by Peru (X units), generating X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ecuador (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electric furnaces and ovens in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of global imports. It was followed by Peru, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Ecuador (+X% per year) and Peru (-X% per year).

Electric Oven Import Prices by Country in Latin America and the Caribbean

In 2017, the electric oven import price in Latin America and the Caribbean amounted to $X per unit, declining by -X% against the previous year. The electric oven import price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2016, when it surged by X% year-to-year. Over the period under review, the import prices for electric furnaces and ovens reached its maximum level of $X per unit in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per unit), while Ecuador ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform