Portugal: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Portugal

The Portuguese non-electric bakery oven market dropped sharply to $X in 2022, waning by -51.1% against the previous year. In general, consumption, however, saw a mild increase. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Non-Electric Bakery Oven Production in Portugal

In value terms, non-electric bakery oven production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Non-electric bakery oven production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Portugal

In 2022, non-electric bakery oven exports from Portugal declined to X units, reducing by -12% compared with the year before. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-electric bakery oven exports stood at $X in 2022. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 109%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Spain (X units) and France (X units) were the main destinations of non-electric bakery oven exports from Portugal, together comprising 48% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +18.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric bakery oven exported from Portugal were the United States ($X), Spain ($X) and France ($X), together comprising 48% of total exports. Angola, Brazil, Mozambique, Luxembourg, Cote d'Ivoire, Switzerland, Cabo Verde, Burkina Faso, Germany and Venezuela lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +54.1%, 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

The average non-electric bakery oven export price stood at $X per unit in 2022, increasing by 17% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 40%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Burkina Faso ($X per unit) and Luxembourg ($X per unit), while the average price for exports to Switzerland ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Bakery Oven Imports

Imports into Portugal

In 2022, the amount of non-electric bakery ovens imported into Portugal dropped sharply to X units, which is down by -43.9% against the previous year's figure. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 823% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, non-electric bakery oven imports fell sharply to $X in 2022. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 510% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of non-electric bakery oven to Portugal, accounting for a 58% share of total imports. Moreover, non-electric bakery oven imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The UK (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and the UK (+53.4% per year).

In value terms, Spain ($X) constituted the largest supplier of non-electric bakery ovens to Portugal, comprising 58% of total imports. The second position in the ranking was taken by Italy ($X), with a 25% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.8% per year) and the UK (+61.1% per year).

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, waning by -56.2% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 4.1% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per unit) and the UK ($X per unit), while the price for Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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