EU: Microwave Oven Market 2024

Microwave Oven Market Size in the EU

After four years of growth, the EU microwave oven market decreased by -2.2% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 7.6% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Microwave Oven Production in the EU

In value terms, microwave oven production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Microwave Oven Exports

Exports in the EU

In 2022, shipments abroad of microwave ovens decreased by -1.6% to X units for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell modestly in the following year.

In value terms, microwave oven exports fell modestly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), Poland (X units), the Netherlands (X units), Spain (X units), the Czech Republic (X units), Sweden (X units) and Slovakia (X units) were the largest exporters of microwave ovens, together constituting 80% of total exports. Slovenia (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +15.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest microwave oven supplying countries in the European Union were Germany ($X), Italy ($X) and Poland ($X), together accounting for 56% of total exports.

In terms of the main exporting countries, Italy, with a CAGR of +16.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 6.8% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.5%), while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports in the EU

In 2022, after four years of growth, there was significant decline in purchases abroad of microwave ovens, when their volume decreased by -8.4% to X units. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, microwave oven imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

Germany (X units), France (X units), Spain (X units), Poland (X units), Italy (X units), the Netherlands (X units), Sweden (X units), the Czech Republic (X units), Portugal (X units), Romania (X units), Hungary (X units) and Austria (X units) represented roughly 87% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest microwave oven importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising 46% of total imports. Poland, Italy, the Netherlands, Sweden, the Czech Republic, Portugal, Romania, Austria and Hungary lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Romania, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, surging by 4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 12%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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