Report Update Nov 1, 2024

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

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Puerto Rico: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Puerto Rico

The Puerto Rican market for industrial, laboratory or bakery ovens reduced modestly to $X in 2021, approximately mirroring the previous year. Over the period under review, consumption saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Puerto Rico

In value terms, industrial, laboratory or bakery oven production fell slightly to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports by Country

In 2021, Italy (X units) and China (X units) were the main exporters of industrial, laboratory or bakery ovensaround the world, together mixing up 44% of total exports. Germany (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Japan (6.6%) and the UK (5.2%). South Korea (X units), Taiwan (Chinese) (X units), the Czech Republic (X units), India (X units), Sweden (X units), Spain (X units), Turkey (X units) and France (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 53% share of total exports. Japan, South Korea, Taiwan (Chinese), France, the Czech Republic, Sweden, the UK, Spain, Turkey and India lagged somewhat behind, together comprising a further 28%.

In terms of the main exporting countries, Turkey, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports by Country

In 2021, Indonesia (X units) represented the major importer of industrial, laboratory or bakery ovens, generating 31% of total imports. It was distantly followed by China (X units) and South Korea (X units), together achieving a 12% share of total imports. The following importers - the Philippines (X units), Taiwan (Chinese) (X units), the Netherlands (X units), France (X units), Russia (X units), Vietnam (X units), Germany (X units), the UK (X units), the United States (X units) and Poland (X units) - together made up 26% of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial, laboratory or bakery oven imports into Indonesia stood at +33.3%. At the same time, the Philippines (+54.6%), Poland (+21.9%), the Netherlands (+19.2%), Taiwan (Chinese) (+9.1%), the UK (+7.6%), South Korea (+6.7%), the United States (+6.2%), Vietnam (+6.0%), France (+2.2%) and China (+2.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +54.6% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Russia (-1.8%) illustrated a downward trend over the same period. While the share of Indonesia (+27 p.p.), the Philippines (+3.5 p.p.) and the Netherlands (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-1.8 p.p.), France (-1.9 p.p.), Russia (-3.9 p.p.) and China (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial, laboratory or bakery ovens into Puerto Rico, comprising 15% of global imports. The second position in the ranking was taken by the United States ($X), with a 7.6% share of global imports. It was followed by South Korea, with a 5.4% share.

In China, industrial, laboratory or bakery oven imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+3.4% per year) and South Korea (+4.1% per year).

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, accounting for 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 third position in this ranking was occupied by the United States, with a 9.3% share.

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

In value terms, China constitutes the largest market for imported industrial, laboratory or bakery ovens into Puerto Rico, comprising 34% of global imports. The second position in the ranking was occupied by Russia, with a 4.7% share of global imports. It was followed by Indonesia, with a 3.1% share.

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

In value terms, China, Germany and Italy constituted the countries with the highest levels of exports in 2021, together accounting for 53% of total exports. Japan, South Korea, Taiwan Chinese), France, the Czech Republic, Sweden, the UK, Spain and Turkey lagged somewhat behind, together comprising a further 29%.

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

The bakery ovens in Puerto Rico stood at less than $0.1 per thousand units in 2021, flattening at the previous year.

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

The bakery ovens in Puerto Rico stood at less than $0.1 per thousand units in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the market for industrial, laboratory or bakery oven in Puerto Rico. 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:

Puerto Rico

Data coverage:

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

Reasons to buy this report:

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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