Bangladesh: Microwave Oven Market 2025

Microwave Oven Market Size in Bangladesh

In 2022, the Bangladeshi microwave oven market decreased by -18.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate measured growth. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Microwave Oven Exports

Exports from Bangladesh

In 2022, overseas shipments of microwave ovens decreased by -47.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 7,400%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped remarkably in the following year.

In value terms, microwave oven exports shrank rapidly to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 4,546%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

India (X units) and Spain (X units) were the main destinations of microwave oven exports from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of 0.0%).

In value terms, Spain ($X) emerged as the key foreign market for microwave ovens exports from Bangladesh, comprising 45% of total exports. The second position in the ranking was held by India ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average microwave oven export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 615%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+24.4%).

Microwave Oven Imports

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in supplies from abroad of microwave ovens, when their volume decreased by -17.3% to X units. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of X units, and then plummeted in the following year.

In value terms, microwave oven imports shrank sharply to $X in 2022. Overall, imports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microwave oven to Bangladesh, with a 82% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.7% per year) and India (+112.5% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to Bangladesh, comprising 73% of total imports. The second position in the ranking was held by Singapore ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.2% per year) and India (+104.7% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, reducing by -3.2% against the previous year. In general, the import price, however, recorded a modest increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 14%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :