Malta: Microwave Oven Market 2020

Microwave Oven Market Size in Malta

The revenue of the microwave oven market in Malta amounted to $X in 2018, jumping by X% 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). In general, microwave oven consumption continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, the microwave oven market reached its peak level and is likely to continue its growth in the immediate term.

Microwave Oven Exports

Exports from Malta

In 2018, the amount of microwave ovens exported from Malta totaled X units, going up by X% against the previous year. In general, microwave oven exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Malta exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, microwave oven exports totaled $X in 2018. In general, microwave oven exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, microwave oven exports attained their peak figure at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the key exporter of microwave ovens in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2018. Malaysia (X units) occupied the second position in the ranking, followed by Thailand (X units). All these countries together held near X% share of total exports. The following exporters - Germany (X units), Belarus (X units) and the UK (X units) - each accounted for a X% share of total exports.

China experienced a relatively flat trend pattern of microwave ovens exports. At the same time, Belarus (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2018, the microwave oven export price in Malta amounted to $X per unit, picking up by X% against the previous year. Overall, the microwave oven export price, however, continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. Malta export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports into Malta

In 2018, the microwave oven imports into Malta stood at X units, growing by X% against the previous year. Overall, microwave oven imports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, microwave oven imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, microwave oven imports stood at $X in 2018. Over the period under review, microwave oven imports continue to indicate strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Malta imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The U.S. was the main importer of microwave ovens in the world, with the volume of imports reaching X units, which was near X% of total imports in 2018. Japan (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and Russia (X%). The following importers - Mexico (X units), France (X units), Brazil (X units), Germany (X units), Canada (X units), Spain (X units), South Korea (X units) and Australia (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to microwave oven imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Brazil (+X%), Russia (+X%), Mexico (+X%), Japan (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.), the U.S. (+X p.p.), Russia (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.), Spain (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported microwave ovens into Malta, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

The microwave oven import price in Malta stood at $X per unit in 2018, dropping by -X% against the previous year. In general, the microwave oven import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. In that year, the import prices for microwave ovens reached their peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform