Iran: Microwave Oven Market 2025

Microwave Oven Market Size in Iran

The Iranian microwave oven market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, continues to indicate a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Microwave Oven Exports

Exports from Iran

After two years of growth, overseas shipments of microwave ovens decreased by -16.3% to X units in 2022. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 441% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, microwave oven exports dropped remarkably to $X in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 383% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Azerbaijan (X units) was the main destination for microwave oven exports from Iran, with a 56% share of total exports. Moreover, microwave oven exports to Azerbaijan exceeded the volume sent to the second major destination, Georgia (X units), fivefold. Turkey (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+14.9% per year) and Turkey (0.0% per year).

In value terms, the largest markets for microwave oven exported from Iran were Turkey ($X), Azerbaijan ($X) and Sweden ($X), together accounting for 65% of total exports. Georgia, Germany, Belgium, Romania and Austria lagged somewhat behind, together accounting for a further 15%.

Georgia, with a CAGR of +25.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average microwave oven export price stood at $X per unit in 2022, with a decrease of -2.9% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Austria ($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 South Korea (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Iran

In 2022, overseas purchases of microwave ovens were finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, continue to indicate a sharp descent. The growth pace was the most rapid in 2016 when imports increased by 152%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, microwave oven imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 125%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to Iran, accounting for a 89% share of total imports. It was followed by Turkey (X units), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.9% per year) and Italy (-25.2% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to Iran, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.8% per year) and Turkey (+14.8% per year).

Import Prices by Country

In 2022, the average microwave oven import price amounted to $X per unit, dropping by -12.2% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microwave oven import price increased by +63.0% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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