Slovakia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Slovakia

In 2022, the Slovak market for industrial, laboratory or bakery ovens decreased by -1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a strong expansion. Industrial, laboratory or bakery oven consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial, laboratory or bakery ovens, when their volume decreased by -15.8% to X units. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 341%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports fell to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 326%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units), Austria (X units) and the Czech Republic (X units) were the main destinations of industrial, laboratory or bakery oven exports from Slovakia, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Slovakia, comprising 56% of total exports. The second position in the ranking was held by Hungary ($X), with a 21% share of total exports. It was followed by Austria, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+32.5% per year) and Austria (+9.6% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, increasing by 2.9% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 93%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Austria ($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 Portugal (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Slovakia

In 2022, supplies from abroad of industrial, laboratory or bakery ovens decreased by -13.6% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 239% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports surged to $X in 2022. Over the period under review, imports, however, enjoyed modest growth. The growth pace was the most rapid in 2020 when imports increased by 132% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Slovakia, accounting for a 52% share of total imports. Moreover, industrial, laboratory or bakery oven imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and China (+62.6% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to Slovakia were the UK ($X), Germany ($X) and Italy ($X), with a combined 64% share of total imports. The Czech Republic, China and South Korea lagged somewhat behind, together accounting for a further 28%.

China, with a CAGR of +63.0%, recorded the highest growth rate of 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

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, rising by 132% against the previous year. In general, the import price, however, recorded a abrupt contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 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 South Korea (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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