World - Electric Bakery And Biscuit Ovens - Market Analysis, Forecast, Size, Trends And Insights
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The article provides a comprehensive analysis of the global market for industrial, laboratory, and bakery ovens. It covers trends in consumption, production, import/export statistics, and key players in the industry. The market is expected to continue an upward consumption trend, with a forecasted CAGR of +3.8% in unit volume and +6.3% in value from 2022 to 2030. China leads as the largest consumer and producer of these ovens, while Italy is the key exporter. The article also highlights fluctuations in market performance, consumption growth rates, and price trends over the last decade.
Market Forecast
Driven by increasing demand for industrial, laboratory or bakery ovens worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market volume to 3.5M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $15.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Industrial, Laboratory or Bakery Ovens
In 2022, consumption of industrial, laboratory or bakery ovens increased by 1.1% to 2.6M units, rising for the seventh consecutive year after two years of decline. Overall, consumption enjoyed resilient growth. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in the near future.
The value of the market for industrial, laboratory or bakery ovens worldwide totaled $9.7B in 2022, surging by 1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.3% against 2013 indices. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.
Consumption By Country
China (678K units) remains the largest industrial, laboratory or bakery oven consuming country worldwide, accounting for 26% of total volume. Moreover, industrial, laboratory or bakery oven consumption in China exceeded the figures recorded by the second-largest consumer, the United States (317K units), twofold. India (182K units) ranked third in terms of total consumption with a 7% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled +12.9%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+2.8% per year) and India (+8.3% per year).
In value terms, the United States ($3B) led the market, alone. The second position in the ranking was taken by Italy ($1.4B). It was followed by China.
In the United States, the industrial, laboratory or bakery oven market expanded at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+29.8% per year) and China (+12.9% per year).
In 2022, the highest levels of industrial, laboratory or bakery oven per capita consumption was registered in Singapore (23 units per 1000 persons), followed by Canada (1.5 units per 1000 persons), Italy (1.2 units per 1000 persons) and the UK (1.2 units per 1000 persons), while the world average per capita consumption of industrial, laboratory or bakery oven was estimated at less than 0.1 units per 1000 persons.
In Singapore, industrial, laboratory or bakery oven per capita consumption expanded at an average annual rate of +16.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+14.5% per year) and Italy (+29.9% per year).
Production
World Production of Industrial, Laboratory or Bakery Ovens
In 2022, production of industrial, laboratory or bakery ovens decreased by -1.1% to 2.3M units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +67.4% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 22%. Over the period under review, global production hit record highs at 2.3M units in 2021, and then fell slightly in the following year.
In value terms, industrial, laboratory or bakery oven production contracted to $8.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 23%. As a result, production attained the peak level of $8.3B. From 2019 to 2022, global production growth failed to regain momentum.
Production By Country
The country with the largest volume of industrial, laboratory or bakery oven production was China (652K units), comprising approx. 29% of total volume. Moreover, industrial, laboratory or bakery oven production in China exceeded the figures recorded by the second-largest producer, the United States (300K units), twofold. Italy (257K units) ranked third in terms of total production with an 11% share.
In China, industrial, laboratory or bakery oven production expanded at an average annual rate of +8.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+2.2% per year) and Italy (+9.1% per year).
Imports
World Imports of Industrial, Laboratory or Bakery Ovens
After six years of growth, overseas purchases of industrial, laboratory or bakery ovens decreased by -23.6% to 802K units in 2022. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of 1.1M units, and then dropped remarkably in the following year.
In value terms, industrial, laboratory or bakery oven imports contracted to $1.8B in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $2.1B, and then reduced in the following year.
Imports By Country
In 2022, the UK (119K units) and Singapore (115K units) were the largest importers of industrial, laboratory or bakery ovensin the world, together reaching near 29% of total imports. Canada (58K units) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.5%) and Spain (4.6%). The following importers - South Korea (33K units), the Philippines (27K units), the United States (27K units), China (26K units), Malaysia (25K units), Italy (21K units), France (16K units) and Vietnam (15K units) - together made up 24% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +37.4%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($628M) constitutes the largest market for imported industrial, laboratory or bakery ovens worldwide, comprising 35% of global imports. The second position in the ranking was held by the United States ($122M), with a 6.8% share of global imports. It was followed by South Korea, with a 4.1% share.
From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+1.9% per year) and South Korea (+1.0% per year).
Import Prices By Country
In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $2,241 per unit, with an increase of 13% against the previous year. In general, the import price, however, showed a abrupt slump. Global import price peaked at $4,306 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($23,864 per unit), while Singapore ($162 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Industrial, Laboratory or Bakery Ovens
In 2022, after five years of growth, there was significant decline in shipments abroad of industrial, laboratory or bakery ovens, when their volume decreased by -38% to 495K units. Overall, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 798K units, and then contracted dramatically in the following year.
In value terms, industrial, laboratory or bakery oven exports declined markedly to $1.7B in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. The global exports peaked at $2.1B in 2021, and then fell notably in the following year.
Exports By Country
Italy was the key exporter of industrial, laboratory or bakery ovens in the world, with the volume of exports amounting to 207K units, which was approx. 42% of total exports in 2022. It was distantly followed by the UK (55K units), Japan (38K units) and Germany (35K units), together comprising a 26% share of total exports. Turkey (19K units), South Korea (16K units), the Czech Republic (16K units), Spain (15K units), Belgium (11K units), the United States (9.7K units), Lithuania (9.5K units), Austria (8.5K units) and France (7.9K units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to industrial, laboratory or bakery oven exports from Italy stood at +5.8%. At the same time, Spain (+23.2%), Austria (+12.7%), Belgium (+12.3%), the UK (+11.6%), South Korea (+11.3%), Japan (+9.3%), France (+7.3%), Turkey (+6.7%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.2% from 2012-2022. By contrast, Lithuania (-1.6%), the United States (-4.2%) and the Czech Republic (-5.2%) illustrated a downward trend over the same period. While the share of Italy (+15 p.p.), the UK (+6.9 p.p.), Japan (+4.1 p.p.), Spain (+2.5 p.p.), South Korea (+2 p.p.) and Turkey (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Czech Republic (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($385M), Italy ($297M) and Japan ($225M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 54% of global exports. The United States, South Korea, France, Austria, the Czech Republic, the UK, Spain, Lithuania, Turkey and Belgium lagged somewhat behind, together accounting for a further 29%.
Belgium, with a CAGR of +9.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $3,374 per unit, jumping by 29% against the previous year. In general, the export price, however, showed a slight decline. The global export price peaked at $3,756 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($14,519 per unit), while the UK ($408 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for industrial, laboratory or bakery oven. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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