Report Update Nov 1, 2024

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

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Chile: Microwave Oven Market 2024

Microwave Oven Market Size in Chile

The Chilean microwave oven market contracted rapidly to $X in 2022, with a decrease of -43.4% against the previous year. Over the period under review, consumption saw a slight decline. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Microwave Oven Production in Chile

In value terms, microwave oven production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 81%. Microwave oven production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Microwave Oven Exports

Exports from Chile

In 2022, shipments abroad of microwave ovens decreased by -13.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 335% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, microwave oven exports fell notably to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 250%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X units), Peru (X units) and Paraguay (X units) were the main destinations of microwave oven exports from Chile, together accounting for 85% of total exports. Uruguay and Mexico lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Bolivia ($X) remains the key foreign market for microwave ovens exports from Chile, comprising 87% of total exports. The second position in the ranking was taken by Peru ($X), with a 5.8% share of total exports. It was followed by Paraguay, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-21.8% per year) and Paraguay (-7.2% per year).

Export Prices by Country

In 2022, the average microwave oven export price amounted to $X per unit, reducing by -23.7% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,258%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+8.9%), while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into Chile

Microwave oven imports into Chile dropped dramatically to X units in 2022, declining by -47% compared with the year before. Overall, imports, however, recorded a slight increase. The growth pace was the most rapid in 2021 when imports increased by 154%. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, microwave oven imports shrank rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 207%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microwave oven to Chile, accounting for a 89% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.2%.

In value terms, China ($X) constituted the largest supplier of microwave ovens to Chile, comprising 87% of total imports. The second position in the ranking was held by Malaysia ($X), with a 9% share of total imports.

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

Import Prices by Country

In 2022, the average microwave oven import price amounted to $X per unit, growing by 5.8% against the previous year. Overall, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Malaysia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.2%).

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, together comprising 85% 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 Chile?

In value terms, China constituted the largest supplier of microwave oven to Chile, comprising 89% of total imports. The second position in the ranking was occupied by Malaysia, with a 9.5% share of total imports.

What are the leading importers of microwave ovens from Chile?

In value terms, Bolivia emerged as the key foreign market for microwave oven exports from Chile, comprising 91% of total exports. The second position in the ranking was occupied by Paraguay, with a 3.8% share of total exports.

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

The average microwave oven export price stood at $88 per unit in 2021, growing by 21% against the previous year.

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

In 2021, the average microwave oven import price amounted to $51 per unit, with a decrease of -6.4% against the previous year.

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

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023