Peru: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in Peru

After two years of decline, the Peruvian market for industrial, laboratory or bakery ovens increased by 6.9% to $X in 2022. In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Peru

In 2022, overseas shipments of industrial, laboratory or bakery ovens decreased by -18.2% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped sharply in the following year.

In value terms, industrial, laboratory or bakery oven exports rose notably to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 443%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Ecuador (X units) and Mexico (X units) were the main destinations of industrial, laboratory or bakery oven exports from Peru, together comprising 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Peru, comprising 34% of total exports. The second position in the ranking was held by Colombia ($X), with a 13% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+50.2% per year) and the United States (+32.6% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, growing by 31% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 488% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 Colombia (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Peru

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported into Peru; which is down by -11% compared with the year before. Over the period under review, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 161% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports soared to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 178%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Peru, with a 37% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold. Turkey (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.3% per year) and Turkey (+24.9% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to Peru were China ($X), the UK ($X) and Germany ($X), together comprising 26% of total imports. Spain, Austria, the United States, Italy, Chile, Turkey, Sweden, Brazil, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 22%.

Chile, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 37% against the previous year. In general, the import price recorded prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 100%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($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 (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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