MERCOSUR: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in MERCOSUR

The MERCOSUR non-electric bakery oven market shrank to $X in 2022, which is down by -10.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Non-Electric Bakery Oven Production in MERCOSUR

In value terms, non-electric bakery oven production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports in MERCOSUR

In 2022, shipments abroad of non-electric bakery ovens decreased by -38.1% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 85%. The volume of export peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, non-electric bakery oven exports declined markedly to $X in 2022. Over the period under review, exports showed a slight setback. The pace of growth appeared the most rapid in 2018 when exports increased by 60%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, recording X units, which was near 96% of total exports in 2022. Argentina (X units) took a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the non-electric bakery ovens exports, with a CAGR of +4.1% from 2012 to 2022. Argentina (-13.5%) illustrated a downward trend over the same period. Brazil (+12 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -8.3% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest non-electric bakery oven supplier in MERCOSUR, comprising 77% of total exports. The second position in the ranking was held by Argentina ($X), with a 13% share of total exports.

In Brazil, non-electric bakery oven exports expanded at an average annual rate of +4.0% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, growing by 3.4% against the previous year. Overall, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2018 an increase of 64%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%).

Non-Electric Bakery Oven Imports

Imports in MERCOSUR

In 2022, overseas purchases of non-electric bakery ovens decreased by -37.3% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 132% against the previous year. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, non-electric bakery oven imports shrank to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +26.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units) was the largest importer of non-electric bakery ovens, comprising 43% of total imports. Colombia (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (17%), Uruguay (8.9%) and Peru (4.5%). The following importers - Argentina (X units) and Paraguay (X units) - each finished at a 3.8% share of total imports.

Imports into Chile increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Paraguay (+26.6%), Ecuador (+15.6%), Argentina (+13.3%), Colombia (+10.1%), Uruguay (+9.0%) and Peru (+2.3%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +26.6% from 2012-2022. Ecuador (+9.7 p.p.), Colombia (+6.4 p.p.), Uruguay (+2.1 p.p.) and Paraguay (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Peru and Chile saw its share reduced by -1.9% and -15% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported non-electric bakery ovens in MERCOSUR, comprising 33% of total imports. The second position in the ranking was taken by Colombia ($X), with a 16% share of total imports. It was followed by Argentina, with an 11% share.

In Chile, non-electric bakery oven imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+3.3% per year) and Argentina (+7.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, picking up by 43% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 when the import price increased by 64% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform