Egypt: Microwave Oven Market 2024

Microwave Oven Market Size in Egypt

The Egyptian microwave oven market contracted markedly to $X in 2022, which is down by -40% 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). Over the period under review, consumption showed a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Microwave Oven Exports

Exports from Egypt

In 2022, microwave oven exports from Egypt surged to X units, growing by 1,807% against 2021 figures. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, microwave oven exports surged to $X in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units) was the main destination for microwave oven exports from Egypt, with a 48% share of total exports. Moreover, microwave oven exports to Iraq exceeded the volume sent to the second major destination, Madagascar (X units), threefold. The third position in this ranking was taken by Sudan (X units), with a 17% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (0.0% per year) and Sudan (+265.6% per year).

In value terms, Iraq ($X) emerged as the key foreign market for microwave ovens exports from Egypt, comprising 48% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 17% share of total exports. It was followed by Sudan, with a 17% share.

From 2015 to 2022, the average annual growth rate of value to Iraq amounted to +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (0.0% per year) and Sudan (+216.4% per year).

Export Prices by Country

The average microwave oven export price stood at $X per unit in 2022, shrinking by -10% against the previous year. Over the period under review, the export price, however, posted a strong expansion. 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.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Sudan ($X per unit), while the average price for exports to Turkey ($X per unit) and Tunisia ($X per unit) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+14.0%), while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into Egypt

In 2022, imports of microwave ovens into Egypt fell rapidly to X units, reducing by -37.6% compared with the year before. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 72%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, microwave oven imports contracted remarkably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 30%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to Egypt, accounting for a 80% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.8% per year) and Italy (+18.4% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to Egypt, comprising 80% of total imports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total imports. It was followed by Italy, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.4% per year) and Italy (+13.6% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, standing approx. at the previous year. In general, the import price, however, posted a slight increase. The growth pace was the most rapid in 2016 an increase of 93%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Italy ($X per unit), while the price for Thailand ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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