Hong Kong SAR, China - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMicrowave Oven Price in Hong Kong SAR - 2023
Contents:
- Microwave Oven Price in Hong Kong SAR (CIF) - 2022
- Microwave Oven Price in Hong Kong SAR (FOB) - 2022
- Microwave Oven Imports in Hong Kong SAR
- Microwave Oven Exports in Hong Kong SAR
Microwave Oven Price in Hong Kong SAR (CIF) - 2022
The average microwave oven import price stood at $94 per unit in 2022, with an increase of 4.9% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microwave oven import price decreased by -2.7% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $96 per unit in 2020; however, from 2021 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 Germany ($459 per unit), while the price for China ($72 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Microwave Oven Price in Hong Kong SAR (FOB) - 2022
The average microwave oven export price stood at $77 per unit in 2022, which is down by -23% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 88%. The export price peaked at $121 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($109 per unit), while the average price for exports to China ($48 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 Egypt (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports in Hong Kong SAR
Microwave oven imports into Hong Kong SAR was estimated at 192K units in 2022, standing approx. at 2021 figures. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 39%. As a result, imports reached the peak of 193K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, microwave oven imports totaled $18M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 61%. As a result, imports attained the peak of $19M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Microwave Oven in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 11.2 | 11.7 | 12.9 | 22.0% |
| Germany | 2.4 | 4.2 | 2.7 | 1.5 | -14.5% |
| Thailand | 1.2 | 1.9 | 1.5 | 1.4 | 5.3% |
| Others | 0.8 | 1.3 | 1.4 | 2.2 | 40.1% |
| Total | 11.5 | 18.6 | 17.2 | 18.0 | 16.1% |
Top Suppliers of Microwave Oven to Hong Kong SAR in 2022:
- China (178.7K units)
- Thailand (4.6K units)
- Germany (3.2K units)
Microwave Oven Exports in Hong Kong SAR
In 2022, the amount of microwave ovens exported from Hong Kong SAR rose significantly to 16K units, surging by 6.1% on 2021 figures. In general, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. Over the period under review, the exports reached the peak figure at 18K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, microwave oven exports shrank notably to $1.3M in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. The exports peaked at $1.7M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Microwave Oven in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 907 | 839 | 787 | 697 | -8.4% |
| China | 426 | 107 | 219 | 424 | -0.2% |
| Vietnam | 0.4 | 0.6 | 11.0 | 33.3 | 336.6% |
| Japan | 60.6 | 0.3 | 24.5 | 8.9 | -47.2% |
| Pakistan | 13.5 | 3.3 | 6.9 | 1.7 | -49.9% |
| Russia | 63.0 | 181 | 188 | N/A | 72.7% |
| Spain | 78.6 | 0.8 | 0.5 | N/A | -92.0% |
| Others | 154 | 190 | 308 | 97.2 | -14.2% |
| Total | 1,704 | 1,323 | 1,544 | 1,262 | -9.5% |
Top Export Markets for Microwave Oven from Hong Kong SAR in 2022:
- Spain (undefinedK units)
- China (8.8K units)
- Macao SAR (6.4K units)
- Vietnam (0.3K units)
- Pakistan (0.1K units)
- Japan (0.1K units)
This report provides an in-depth analysis of the microwave oven market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
458
This report provides an in-depth analysis of the microwave oven market in Hong Kong SAR, China.
128
This report provides an in-depth analysis of the domestic electro-thermic appliances market in Hong Kong SAR, China.
310
This report provides an in-depth analysis of the hair curler market in Hong Kong SAR, China.
271
This report provides an in-depth analysis of the electric heating radiator market in Hong Kong SAR, China.
318
This report provides an in-depth analysis of the electric radiator market in Hong Kong SAR, China.
226
This report provides an in-depth analysis of the electric heating resistor market in Hong Kong SAR, China.
279
This report provides an in-depth analysis of the electric hand-dryer market in Hong Kong SAR, China.
359
This report provides an in-depth analysis of the electric hair dryer market in Hong Kong SAR, China.
213
This report provides an in-depth analysis of the market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Hong Kong SAR, China.
403
This report provides an in-depth analysis of the domestic coffee machine market in Hong Kong SAR, China.
277
In March 2023, the electric hair dryer price stood at $63.3 per unit (CIF, Hong Kong), increasing by 18% against the previous month.
54
From August 2023 to November 2023, the growth of the exports of Domestic Coffee Machine remained stagnant with a noticeable decrease in value, dropping to $3.5M in November 2023.
178
The import growth of Electric Water Heater declined from June 2023 to September 2023. In terms of value, the imports decreased to $1.4M in September 2023.
254
In June 2023, the price of Electric Heating Equipment was $75.1 per unit (CIF, Hong Kong), representing a 2.5% increase compared to the previous month.
291
Explore the top import markets for microwave ovens worldwide and analyze key statistics and numbers behind their success. Discover lucrative opportunities in these markets.
54
Explore the top import markets for electric heating resistor and the key statistics from leading countries. Find out where the demand is highest and what drives the market growth.
326
Discover the top import markets for domestic coffee machines around the world. Explore key statistics and insights into the market potential of these countries. Stay informed with IndexBox market intelligence platform.
453
The average domestic coffee machine export price soared from $43 per unit in 2019 to $92 per unit in 2020. Among the leading exporters, the most notable price growth rate was attained by China. The average export price for Chinese coffee machines grew fivefold.
1337
With a huge jump in exports in 2014, Mexico surged to the second spot in the global electric water heater and immersion heater trade. In 2014, Mexico exported X thousand tons of electric water heaters and immersion heaters totaling X million USD
1904
China dominates in the global trade of electric space heating apparatus and soil heating apparatus. In 2014, China exported X thousand tons of electric space heating apparatus and soil heating apparatus totaling X billion USD, X% over the previo
