China - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in China - 2023
Contents:
- Microwave Oven Price in China (FOB) - 2023
- Microwave Oven Price in China (CIF) - 2023
- Microwave Oven Exports in China
- Microwave Oven Imports in China
Microwave Oven Price in China (FOB) - 2023
In September 2023, the average microwave oven export price amounted to $49.3 per unit, increasing by 2.7% against the previous month. In general, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in January 2023 an increase of 4.9% m-o-m. Over the period under review, the average export prices hit record highs at $58.0 per unit in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($71.7 per unit), while the average price for exports to Thailand ($29.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Microwave Oven Price in China (CIF) - 2023
The average microwave oven import price stood at $209 per unit in September 2023, declining by -21.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 239% against the previous month. As a result, import price attained the peak level of $689 per unit. From November 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($486 per unit), while the price for Thailand ($138 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Microwave Oven Exports in China
After three years of growth, shipments abroad of microwave ovens decreased by -15.2% to 61M units in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 13%. Over the period under review, the exports attained the maximum at 71M units in 2021, and then fell dramatically in the following year.
In value terms, microwave oven exports contracted to $3.4B in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports reached the peak of $3.7B, and then reduced in the following year.
| Export of Microwave Oven in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,051 | 1,367 | 1,407 | 1,253 | 6.0% |
| Japan | 224 | 250 | 285 | 302 | 10.5% |
| United Kingdom | 166 | 188 | 196 | 190 | 4.6% |
| Germany | 139 | 148 | 185 | 138 | -0.2% |
| Russia | 123 | 111 | 131 | 132 | 2.4% |
| South Korea | 78.7 | 85.3 | 108 | 117 | 14.1% |
| France | 94.2 | 88.7 | 113 | 98.5 | 1.5% |
| Mexico | 70.1 | 58.4 | 80.1 | 97.2 | 11.5% |
| Spain | 78.0 | 77.6 | 105 | 86.1 | 3.3% |
| Canada | 73.6 | 85.7 | 82.6 | 83.1 | 4.1% |
| Australia | 59.6 | 75.3 | 68.5 | 79.6 | 10.1% |
| Poland | 28.9 | 30.0 | 41.9 | 49.2 | 19.4% |
| Brazil | 95.5 | 83.3 | 111 | 47.1 | -21.0% |
| Others | 620 | 588 | 828 | 759 | 7.0% |
| Total | 2,901 | 3,237 | 3,741 | 3,432 | 5.8% |
Top Export Markets for Microwave Oven from China in 2022:
- United States (17.8M units)
- Japan (3.8M units)
- United Kingdom (3.6M units)
- Russia (3.5M units)
- Germany (2.4M units)
- Mexico (2.1M units)
- France (2.0M units)
- South Korea (1.7M units)
- Spain (1.7M units)
- Brazil (1.5M units)
- Canada (1.4M units)
- Australia (1.4M units)
- Poland (1.1M units)
Microwave Oven Imports in China
Microwave oven imports into China skyrocketed to 85K units in 2022, picking up by 26% on 2021. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 126% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, microwave oven imports totaled $18M in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Microwave Oven in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.8 | 7.5 | 10.6 | 9.7 | 51.3% |
| Germany | 1.9 | 3.2 | 3.1 | 3.9 | 27.1% |
| United Kingdom | 1.4 | 1.0 | 0.3 | 1.3 | -2.4% |
| Malaysia | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Poland | N/A | N/A | N/A | 0.6 | 0% |
| Italy | 0.3 | 0.9 | 0.1 | 0.3 | 0.0% |
| Australia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| United Arab Emirates | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 1.5 | 1.3 | 0.7 | -16.4% |
| Total | 8.2 | 14.2 | 15.6 | 17.7 | 29.2% |
Top Suppliers of Microwave Oven to China in 2022:
- Thailand (64.9K units)
- Malaysia (9.0K units)
- Germany (4.0K units)
- United Kingdom (2.2K units)
- Australia (1.7K units)
- Poland (1.4K units)
- Italy (0.7K units)
This report provides an in-depth analysis of the microwave oven market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512700 - Domestic microwave ovens
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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289
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