Report Update Nov 1, 2024

Luxembourg - Electric Bakery and Biscuit Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Luxembourg

The Luxembourg market for industrial, laboratory or bakery ovens declined remarkably to $X in 2022, waning by -57.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Luxembourg

For the fourth year in a row, Luxembourg recorded growth in shipments abroad of industrial, laboratory or bakery ovens, which increased by 168% to X units in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 950% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial, laboratory or bakery oven exports dropped rapidly to $X in 2022. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,338%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for industrial, laboratory or bakery oven exports from Luxembourg, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +61.1%.

In value terms, Belgium ($X) emerged as the key foreign market for industrial, laboratory or bakery ovens exports from Luxembourg.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +56.9%.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, declining by -80.1% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 390%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -2.6% per year.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Luxembourg

In 2022, the amount of industrial, laboratory or bakery ovens imported into Luxembourg dropped dramatically to X units, which is down by -22.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports reduced to $X in 2022. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 59%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X units), France (X units) and Germany (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Luxembourg, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +8.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest industrial, laboratory or bakery oven suppliers to Luxembourg were Germany ($X), Belgium ($X) and Italy ($X), together comprising 74% of total imports.

Germany, with a CAGR of +1.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, with an increase of 14% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 137% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial, laboratory or bakery ovens in the world?

South Africa constituted the country with the largest volume of industrial, laboratory or bakery oven consumption, comprising approx. 30% of total volume. Moreover, industrial, laboratory or bakery oven consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the largest producers of industrial, laboratory or bakery ovens in the world?

The country with the largest volume of industrial, laboratory or bakery oven production was China, comprising approx. 29% of total volume. Moreover, industrial, laboratory or bakery oven production in China exceeded the figures recorded by the second-largest producer, Italy, threefold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of industrial, laboratory or bakery ovens to Luxembourg?

In value terms, the largest industrial, laboratory or bakery oven suppliers to Luxembourg were Germany, Belgium and France, with a combined 79% share of total imports. These countries were followed by Italy, Switzerland and Serbia, which together accounted for a further 20%.

What are the leading importers of industrial, laboratory or bakery ovens from Luxembourg?

In value terms, Switzerland emerged as the key foreign market for industrial, laboratory or bakery oven exports from Luxembourg, comprising 87% of total exports. The second position in the ranking was occupied by Japan, with a 9.4% share of total exports.

What is the average export price for industrial, laboratory or bakery ovens in Luxembourg?

The average export price for industrial, laboratory or bakery ovens stood at $1,992 per unit in 2021, surging by 69% against the previous year.

What is the average import price for industrial, laboratory or bakery ovens in Luxembourg?

The average import price for industrial, laboratory or bakery ovens stood at $1,308 per unit in 2021, rising by 12% against the previous year.

This report provides an in-depth analysis of the market for industrial, laboratory or bakery oven in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211330 - Electric bakery and biscuit ovens
Prodcom 28211351 - Resistance heated industrial or laboratory furnaces and ovens (excluding bakery and biscuit ovens)

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023