Report Update Feb 1, 2025

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

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Azerbaijan: Microwave Oven Market 2025

Microwave Oven Market Size in Azerbaijan

The Azerbaijani microwave oven market surged to $X in 2022, picking up by 27% 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). In general, consumption saw significant growth. Microwave oven consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Microwave Oven Exports

Exports from Azerbaijan

In 2022, the amount of microwave ovens exported from Azerbaijan was estimated at X units, growing by 7.9% compared with the previous year. Overall, exports showed a pronounced expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 1,200%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, microwave oven exports declined markedly to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,315% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Georgia (X units) was the main destination for microwave oven exports from Azerbaijan, accounting for a approx. 95% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +207.3%.

In value terms, Georgia ($X) also remains the key foreign market for microwave ovens exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +200.2%.

Export Prices by Country

In 2022, the average microwave oven export price amounted to $X per unit, waning by -36% against the previous year. In general, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +12.3% per year.

Microwave Oven Imports

Imports into Azerbaijan

In 2022, microwave oven imports into Azerbaijan soared to X units, surging by 31% on the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 325%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, microwave oven imports skyrocketed to $X in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 508% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to Azerbaijan, accounting for a 77% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+53.9% per year) and Turkey (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to Azerbaijan, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +70.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+78.2% per year) and Turkey (+6.3% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, falling by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016 when the average import price increased by 43%. The import price peaked at $X per unit in 2021, and then reduced modestly in the following year.

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 Malaysia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for microwave ovens in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 85% share of global consumption.

What are the largest producers of microwave ovens in the world?

The country with the largest volume of microwave oven production was China, comprising approx. 85% of total volume. It was followed by Malaysia, with a 2.2% share of total production.

What are the leading suppliers of microwave ovens to Azerbaijan?

In value terms, China constituted the largest supplier of microwave oven to Azerbaijan, comprising 60% of total imports. The second position in the ranking was occupied by Malaysia, with a 20% share of total imports. It was followed by Italy, with a 3.3% share.

What are the leading importers of microwave ovens from Azerbaijan?

In value terms, Georgia remains the key foreign market for microwave oven exports from Azerbaijan.

What is the average export price for microwave ovens in Azerbaijan?

In 2021, the average microwave oven export price amounted to $88 per unit, increasing by 39% against the previous year.

What is the average import price for microwave ovens in Azerbaijan?

In 2021, the average microwave oven import price amounted to $75 per unit, growing by 80% against the previous year.

This report provides an in-depth analysis of the microwave oven market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024