Middle East: Microwave Oven Market 2024

Microwave Oven Market Size in the Middle East

The Middle Eastern microwave oven market dropped to $X in 2022, declining by -7.2% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Microwave Oven Production in the Middle East

In value terms, microwave oven production stood at $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 61% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Microwave Oven Exports

Exports in the Middle East

In 2022, shipments abroad of microwave ovens increased by 24% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 90% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, microwave oven exports soared to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X units) was the key exporter of microwave ovens, achieving 70% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a 29% share of total exports.

Turkey was also the fastest-growing in terms of the microwave ovens exports, with a CAGR of +12.0% from 2012 to 2022. At the same time, the United Arab Emirates (+3.7%) displayed positive paces of growth. While the share of Turkey (+29 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-7.6 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest microwave oven supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports.

In Turkey, microwave oven exports expanded at an average annual rate of +14.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, picking up by 26% against the previous year. Over the period under review, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 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 Turkey ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%).

Microwave Oven Imports

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in purchases abroad of microwave ovens, when their volume decreased by -17.4% to X units. In general, imports showed a slight curtailment. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. The volume of import peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, microwave oven imports dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) were the major importers of microwave ovens in 2022, finishing at near 30% and 26% of total imports, respectively. It was distantly followed by Iraq (X units), Israel (X units) and Qatar (X units), together mixing up a 34% share of total imports. Kuwait (X units) and Oman (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +23.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest microwave oven importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for 70% of total imports.

Among the main importing countries, Iraq, with a CAGR of +26.0%, 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

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.8% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per unit) and Oman ($X per unit), while the United Arab Emirates ($X per unit) and Qatar ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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