Slovakia: Microwave Oven Market 2024

Microwave Oven Market Size in Slovakia

The Slovak microwave oven market reduced sharply to $X in 2022, waning by -40.5% against the previous year. In general, consumption showed a abrupt curtailment. Microwave oven consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Microwave Oven Production in Slovakia

In value terms, microwave oven production reduced to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of 170%. Microwave oven production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Microwave Oven Exports

Exports from Slovakia

In 2022, overseas shipments of microwave ovens increased by 73% to X units, rising for the second year in a row after three years of decline. Overall, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.8% against 2020 indices. 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. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X units), Austria (X units) and the Czech Republic (X units) were the main destinations of microwave oven exports from Slovakia, with a combined 96% share of total exports. Croatia and Poland lagged somewhat behind, together comprising a further 3.4%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +76.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Austria ($X) were the largest markets for microwave oven exported from Slovakia worldwide, together accounting for 95% of total exports. Croatia and Poland lagged somewhat behind, together comprising a further 3.9%.

Croatia, with a CAGR of +77.4%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average microwave oven export price amounted to $X per unit, falling by -7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17%. The export price peaked at $X per unit in 2020; however, from 2021 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 the Czech Republic ($X per unit), while the average price for exports to Austria ($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 Hungary (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Slovakia

In 2022, microwave oven imports into Slovakia reached X units, increasing by 3.9% against the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, microwave oven imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), Malaysia (X units) and the Czech Republic (X units) were the main suppliers of microwave oven imports to Slovakia, together comprising 75% of total imports. Austria, Hungary and Germany lagged somewhat behind, together comprising a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +63.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest microwave oven suppliers to Slovakia were China ($X), Malaysia ($X) and the Czech Republic ($X), together comprising 62% of total imports. Hungary, Germany and Austria lagged somewhat behind, together comprising a further 6.8%.

In terms of the main suppliers, Hungary, with a CAGR of +55.6%, saw the highest growth rate of 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 average microwave oven import price amounted to $X per unit, reducing by -10.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 13%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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