Luxembourg: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Luxembourg

In 2022, the Luxembourg non-electric bakery oven market decreased by -2.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Non-Electric Bakery Oven Production in Luxembourg

In value terms, non-electric bakery oven production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 6.2% against the previous year. Non-electric bakery oven production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Luxembourg

In 2022, non-electric bakery oven exports from Luxembourg declined to X units, shrinking by -7.8% against 2021 figures. In general, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2013 when exports increased by 337% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports surged to $X in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 351% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for non-electric bakery oven exports from Luxembourg, with a 58% share of total exports. Moreover, non-electric bakery oven exports to Kazakhstan exceeded the volume sent to the second major destination, Japan (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-29.3% per year) and Switzerland (-14.1% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for non-electric bakery ovens exports from Luxembourg, comprising 58% of total exports. The second position in the ranking was held by Japan ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+34.5% per year) and Switzerland (-11.2% per year).

Export Prices by Country

In 2022, the average non-electric bakery oven export price amounted to $X per unit, growing by 99% against the previous year. Overall, the export price showed moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+90.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Bakery Oven Imports

Imports into Luxembourg

After two years of growth, purchases abroad of non-electric bakery ovens decreased by -11.6% to X units in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 40,730% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric bakery oven imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 577% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X units) was the main supplier of non-electric bakery oven to Luxembourg, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.5%.

In value terms, Germany ($X) constituted the largest supplier of non-electric bakery ovens to Luxembourg, comprising 98% of total imports. The second position in the ranking was taken by Belgium ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-25.8% per year) and France (-29.4% per year).

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, surging by 96% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44,425%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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