Kazakhstan: Microwave Oven Market 2024

Microwave Oven Market Size in Kazakhstan

The Kazakh microwave oven market shrank significantly to $X in 2022, waning by -49.7% 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 recorded a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Microwave Oven Exports

Exports from Kazakhstan

In 2022, microwave oven exports from Kazakhstan skyrocketed to X units, rising by 4,153% compared with 2021 figures. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, microwave oven exports soared to $X in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for microwave oven exports from Kazakhstan, with a 85% share of total exports. Moreover, microwave oven exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X units), more than tenfold. Kyrgyzstan (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +180.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+230.5% per year) and Kyrgyzstan (+41.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for microwave ovens exports from Kazakhstan, comprising 84% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 5.8% share of total exports. It was followed by Kyrgyzstan, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +165.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+221.8% per year) and Kyrgyzstan (+41.2% per year).

Export Prices by Country

The average microwave oven export price stood at $X per unit in 2022, picking up by 4.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Tajikistan ($X per unit) and Russia ($X per unit), while the average price for exports to Uzbekistan ($X per unit) and Kyrgyzstan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Kazakhstan

In 2022, purchases abroad of microwave ovens increased by 53% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a mild decrease. 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. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to Kazakhstan, with a 63% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. Belarus (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-11.1% per year) and Belarus (+35.9% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to Kazakhstan, comprising 63% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Belarus, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.8% per year) and Belarus (+35.8% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, declining by -2.6% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +8.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 55%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per unit) and Russia ($X per unit), while the price for China ($X per unit) and Belarus ($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 (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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