Asia: Microwave Oven Market 2025

Microwave Oven Market Size in Asia

In 2022, the Asian microwave oven market increased by 12% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Microwave Oven Production in Asia

In value terms, microwave oven production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Microwave Oven Exports

Exports in Asia

In 2022, shipments abroad of microwave ovens decreased by -14.7% to X units for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, microwave oven exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China was the major exporting country with an export of around X units, which amounted to 85% of total exports. It was distantly followed by Malaysia (X units), creating an 11% share of total exports. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to microwave oven exports from China stood at +1.2%. At the same time, Malaysia (+3.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +3.1% from 2012-2022. By contrast, Thailand (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by +2.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier in Asia, comprising 81% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports.

In China, microwave oven exports expanded at an average annual rate of +2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+2.6% per year) and Thailand (-2.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 when the export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 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 Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Microwave Oven Imports

Imports in Asia

In 2022, approx. X units of microwave ovens were imported in Asia; picking up by 1.7% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, microwave oven imports expanded modestly to $X in 2022. The total import 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 pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan was the main importer of microwave ovens in Asia, with the volume of imports recording X units, which was approx. 38% of total imports in 2022. South Korea (X units) ranks second in terms of the total imports with an 11% share, followed by India (9%), Thailand (6.1%) and Turkey (4.5%). The United Arab Emirates (X units), the Philippines (X units), Taiwan (Chinese) (X units), Iraq (X units), Kazakhstan (X units), Israel (X units), Malaysia (X units) and Uzbekistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to microwave oven imports into Japan stood at +2.6%. At the same time, Uzbekistan (+61.1%), Iraq (+23.9%), South Korea (+11.3%), the Philippines (+9.8%), Taiwan (Chinese) (+4.8%), India (+4.2%), Malaysia (+3.4%) and the United Arab Emirates (+1.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +61.1% from 2012-2022. Israel and Turkey experienced a relatively flat trend pattern. By contrast, Kazakhstan (-1.4%) and Thailand (-16.0%) illustrated a downward trend over the same period. While the share of Japan (+10 p.p.), South Korea (+7.4 p.p.), India (+3.4 p.p.), the Philippines (+2.5 p.p.), Iraq (+2.2 p.p.) and Uzbekistan (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-26.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported microwave ovens in Asia, comprising 43% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by India, with a 7.7% share.

In Japan, microwave oven imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+12.7% per year) and India (+4.1% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2014 when the import price increased by 16%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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