Scandinavia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Scandinavia

In 2022, after two years of decline, there was significant growth in the Scandinavia non-electric bakery oven market, when its value increased by 22% to $X. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Production in Scandinavia

In value terms, non-electric bakery oven production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3.8% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports in Scandinavia

In 2022, overseas shipments of non-electric bakery ovens decreased by -29.5% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, the exports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, non-electric bakery oven exports shrank to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 125% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, finishing at X units, which was near 94% of total exports in 2022. It was distantly followed by Norway (X units), achieving a 5.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric bakery oven exports from Sweden stood at -3.0%. At the same time, Norway (+36.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +36.3% from 2012-2022. Norway (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest non-electric bakery oven supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was held by Norway ($X), with a 4.1% share of total exports.

In Sweden, non-electric bakery oven exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, growing by 38% against the previous year. Over the period under review, the export price enjoyed tangible growth. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%).

Non-Electric Bakery Oven Imports

Imports in Scandinavia

In 2022, approx. X units of non-electric bakery ovens were imported in Scandinavia; waning by -2.3% compared with 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 606% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric bakery oven imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 522% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway represented the key importer of non-electric bakery ovens in Scandinavia, with the volume of imports recording X units, which was near 87% of total imports in 2022. It was distantly followed by Sweden (X units), creating a 10% share of total imports. Finland (X units) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the non-electric bakery ovens imports, with a CAGR of +25.4% from 2012 to 2022. At the same time, Sweden (+21.1%) displayed positive paces of growth. By contrast, Finland (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported non-electric bakery ovens in Scandinavia, comprising 66% of total imports. The second position in the ranking was held by Sweden ($X), with a 30% share of total imports.

In Norway, non-electric bakery oven imports expanded at an average annual rate of +14.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+19.7% per year) and Finland (-11.0% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by 20% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 205%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform