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World - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Oct 30, 2023

Best Import Markets for Microwave Ovens

The microwave oven has revolutionized the way we cook and heat food, providing convenience and speed in the kitchen. As a result, the demand for microwave ovens has steadily grown worldwide, leading to a significant increase in imports. In this article, we will explore the top import markets for microwave ovens and analyze the key statistics and numbers behind their success.

1. United States

The United States takes the lead as the world's largest importer of microwave ovens, with an import value of $1.6 billion in 2022. This robust demand can be attributed to the high standard of living, busy lifestyle, and widespread usage of microwave ovens in American households. The United States has a well-established market for consumer electronics, making it an attractive destination for microwave oven manufacturers and exporters.

2. Japan

Following closely behind is Japan, with an import value of $477.8 million in 2022. The Japanese market has a strong appreciation for technological advancements and household appliances, making it receptive to microwave ovens. The country's dense population, limited kitchen space, and emphasis on convenience contribute to the popularity of microwave ovens among Japanese consumers.

3. Germany

Germany secures the third spot on the list, with an import value of $260.9 million in 2022. The German market is known for its high-quality standards, and consumers have a preference for durable and efficient appliances. Microwave ovens are widely used in German households, not only for cooking but also for preserving and reheating meals. The competitive retail sector and strong purchasing power drive the demand for microwave ovens in Germany.

4. United Kingdom

The United Kingdom is a significant importer of microwave ovens, with an import value of $255.3 million in 2022. The British market benefits from a strong tradition of tea and quick meals, making microwave ovens an essential kitchen appliance. The compact size, energy efficiency, and versatility of microwave ovens align with the preferences of British consumers.

5. Russia

Russia emerges as a key import market for microwave ovens, with an import value of $196.4 million in 2022. The rising standards of living, increasing disposable incomes, and urbanization have led to a greater demand for convenient cooking appliances in Russian households. Microwave ovens offer time-saving solutions, particularly in large metropolitan areas where hectic lifestyles prevail.

6. France

France imports microwave ovens worth $191.5 million in 2022, ranking it sixth on the list of top import markets. The French market appreciates the convenience and versatility provided by microwave ovens, enabling quick and efficient meal preparation. With the growth of single-person households and the need for fast, easy cooking options, the demand for microwave ovens continues to rise in France.

7. Canada

Canada imports microwave ovens worth $155.8 million in 2022, making it a significant player in the global market. The Canadian market has a high penetration rate of microwave ovens, owing to their convenience, time-saving benefits, and suitability for various lifestyles. The shift towards urban living and the rising number of working individuals contribute to the demand for microwave ovens in Canada.

8. Spain

Spain, with an import value of $138.0 million in 2022, is a prominent import market for microwave ovens. The Spanish market values efficiency and practicality in household appliances, making microwave ovens a popular choice. The busy lifestyle and the desire for quick meals make microwave ovens an essential kitchen appliance in many Spanish households.

9. South Korea

South Korea, known for its technological advancements, imports microwave ovens worth $136.0 million in 2022. With a focus on smart and innovative appliances, the Korean market embraces microwave ovens for their advanced features and convenience. The compact size and multifunctionality appeal to Korean consumers, who prioritize efficiency and practicality.

10. Mexico

Mexico completes the list of top import markets, with an import value of $125.9 million in 2022. As urbanization and busy lifestyles become prevalent in Mexico, the demand for microwave ovens continues to grow. Microwave ovens offer a practical solution for quick and easy cooking, making them a popular choice among Mexican consumers.

In conclusion, the global demand for microwave ovens has led to a highly competitive and diverse import market. The United States, Japan, Germany, the United Kingdom, Russia, France, Canada, Spain, South Korea, and Mexico are the world's best import markets for microwave ovens. These countries present lucrative opportunities for manufacturers and exporters, driven by consumer preferences, technological advancements, and changing lifestyles. Market intelligence platforms, such as IndexBox, provide valuable insights and statistics for businesses looking to understand and tap into these import markets.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global microwave oven market. 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 27512700 - Domestic microwave ovens

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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