Nepal: Microwave Oven Market 2025

Microwave Oven Market Size in Nepal

The Nepalese microwave oven market contracted significantly to $X in 2022, waning by -25.9% 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). Overall, consumption, however, enjoyed a prominent increase. Microwave oven consumption peaked at $X in 2021, and then fell sharply in the following year.

Microwave Oven Exports

Exports from Nepal

In 2018, after two years of decline, there was significant decline in overseas shipments of microwave ovens, when their volume decreased by -50% to X units. Over the period under review, exports faced a deep downturn. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, microwave oven exports reduced rapidly to $X in 2018. In general, exports saw a sharp curtailment. The smallest decline of -92.7% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

Gambia (X units) was the main destination for microwave oven exports from Nepal, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Gambia was relatively modest.

In value terms, Gambia ($X) emerged as the key foreign market for microwave ovens exports from Nepal.

From 2012 to 2018, the average annual rate of growth in terms of value to Gambia was relatively modest.

Export Prices by Country

In 2018, the average microwave oven export price amounted to $X per unit, reducing by -85.5% against the previous year. Overall, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2013 a decrease of -78.1% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2018, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Gambia.

From 2012 to 2018, the rate of growth in terms of prices for Bhutan amounted to 0.0% per year.

Microwave Oven Imports

Imports into Nepal

Microwave oven imports into Nepal contracted notably to X units in 2022, reducing by -23.4% compared with 2021. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 235% against the previous year. Imports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, microwave oven imports declined notably to $X in 2022. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 264%. Over the period under review, imports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microwave oven to Nepal, with a 54% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Malaysia (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.5% per year) and Malaysia (+12.0% per year).

In value terms, India ($X), China ($X) and Malaysia ($X) constituted the largest microwave oven suppliers to Nepal, together comprising 98% of total imports.

India, with a CAGR of +48.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average microwave oven import price amounted to $X per unit, declining by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2020 an increase of 18% against the previous year. The import price peaked at $X per unit in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform