New Zealand - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

New Zealand - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Microwave Oven Price in New Zealand - 2023

Contents:

  1. Microwave Oven Price in New Zealand (CIF) - 2023
  2. Microwave Oven Price in New Zealand (FOB) - 2022
  3. Microwave Oven Imports in New Zealand
  4. Microwave Oven Exports in New Zealand

Microwave Oven Price in New Zealand (CIF) - 2023

The average microwave oven import price stood at $62.3 per unit in September 2023, surging by 5.4% against the previous month. Over the period under review, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 43% against the previous month. As a result, import price reached the peak level of $96.8 per unit. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($63.9 per unit), while the price for China stood at $61.1 per unit.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.7%).

Microwave Oven Price in New Zealand (FOB) - 2022

The average microwave oven export price stood at $104 per unit in 2022, with an increase of 3.2% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 26%. The export price peaked at $121 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($110 per unit), while the average price for exports to Tonga ($67 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 the Philippines (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Microwave Oven Imports in New Zealand

In 2022, imports of microwave ovens into New Zealand declined slightly to 232K units, waning by -1.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 236K units, and then fell in the following year.

In value terms, microwave oven imports rose modestly to $17M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Microwave Oven in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13.212.214.915.04.4%
Malaysia0.61.01.01.535.7%
Others1.20.91.41.0-5.9%
Total15.014.017.217.55.3%

Top Suppliers of Microwave Oven to New Zealand in 2022:

  1. China (210.5K units)
  2. Malaysia (19.9K units)

Microwave Oven Exports in New Zealand

In 2022, overseas shipments of microwave ovens increased by 34% to 1.2K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at 1.6K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, microwave oven exports skyrocketed to $121K in 2022. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $155K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Microwave Oven in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cook Islands50.922.623.044.9-4.1%
Fiji31.39.59.028.1-3.5%
Samoa22.910.929.424.72.6%
Vanuatu2.90.12.710.855.0%
Papua New Guinea5.023.011.12.9-16.6%
Tonga1.12.85.71.510.9%
Niue4.31.31.71.5-29.6%
Australia31.616.5N/A0.1-85.3%
Others4.86.15.46.912.9%
Total15592.988.0121-7.9%

Top Export Markets for Microwave Oven from New Zealand in 2022:

  1. Cook Islands (441.0 units)
  2. Samoa (273.0 units)
  3. Fiji (255.0 units)
  4. Vanuatu (115.0 units)
  5. Tonga (23.0 units)
  6. Papua New Guinea (17.0 units)
  7. Niue (15.0 units)
  8. Australia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the microwave oven market in New Zealand. 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:

  • New Zealand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in New Zealand
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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