Russian Federation: Market for Industrial, Laboratory or Bakery Ovens 2025

Market Size for Industrial, Laboratory or Bakery Ovens in the Russian Federation

The Russian market for industrial, laboratory or bakery ovens reduced to $X in 2022, with a decrease of -8.3% against the previous year. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Industrial, Laboratory or Bakery Ovens in the Russian Federation

In value terms, industrial, laboratory or bakery oven production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from the Russian Federation

In 2021, approx. X units of industrial, laboratory or bakery ovens were exported from Russia; jumping by 32% on the year before. Overall, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2019 with an increase of 68% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 55% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Uzbekistan (X units) were the main destinations of industrial, laboratory or bakery oven exports from Russia, together comprising 70% of total exports. Kyrgyzstan, Tajikistan, Bangladesh, Ukraine, Armenia, China and Israel lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +97.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial, laboratory or bakery oven exported from Russia were Kazakhstan ($X), Belarus ($X) and Kyrgyzstan ($X), with a combined 74% share of total exports. Uzbekistan, Ukraine, Armenia, China, Bangladesh, Tajikistan and Israel lagged somewhat behind, together comprising a further 16%.

Among the main countries of destination, Bangladesh, with a CAGR of +89.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, falling by -3.6% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into the Russian Federation

In 2022, after five years of growth, there was significant decline in overseas purchases of industrial, laboratory or bakery ovens, when their volume decreased by -11.8% to X units. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 69% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, industrial, laboratory or bakery oven imports stood at $X in 2022. Overall, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 63%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units) and Turkey (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Russia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +84.2%).

In value terms, Turkey ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Russia, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +61.0%.

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, picking up by 18% against the previous year. In general, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 92% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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