United Kingdom - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in the UK - 2023
Contents:
- Microwave Oven Price in the UK (CIF) - 2023
- Microwave Oven Price in the UK (FOB) - 2022
- Microwave Oven Imports in the UK
- Microwave Oven Exports in the UK
Microwave Oven Price in the UK (CIF) - 2023
The average microwave oven import price stood at $51.7 per unit in August 2023, picking up by 13% against the previous month. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 23% against the previous month. Over the period under review, average import prices hit record highs at $71.9 per unit in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($60.7 per unit), while the price for China ($50.1 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.3%), while the prices for the other major suppliers experienced a decline.
Microwave Oven Price in the UK (FOB) - 2022
The average microwave oven export price stood at $147 per unit in 2022, rising by 9.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum at $198 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 France ($176 per unit), while the average price for exports to the United Arab Emirates ($80 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 France (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports in the UK
In 2022, overseas purchases of microwave ovens decreased by -8.7% to 4M units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 3.8% against the previous year. As a result, imports attained the peak of 4.5M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, microwave oven imports amounted to $255M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Microwave Oven in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 179 | 177 | 205 | 221 | 7.3% |
| Thailand | 8.9 | 7.7 | 9.7 | 13.0 | 13.5% |
| Italy | 11.6 | 9.8 | 10.3 | 8.4 | -10.2% |
| Malaysia | 6.0 | 6.6 | 5.8 | 5.6 | -2.3% |
| Turkey | 10.7 | 13.7 | 13.8 | 0.7 | -59.7% |
| Others | 10.5 | 6.9 | 8.3 | 6.9 | -13.1% |
| Total | 227 | 222 | 253 | 255 | 4.0% |
Top Suppliers of Microwave Oven to the UK in 2022:
- China (3607.0K units)
- Thailand (188.9K units)
- Malaysia (108.8K units)
- Italy (44.3K units)
- Turkey (5.6K units)
Microwave Oven Exports in the UK
In 2022, shipments abroad of microwave ovens decreased by -10.3% to 841K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of 938K units, and then contracted in the following year.
In value terms, microwave oven exports declined modestly to $124M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of $126M, and then declined in the following year.
| Export of Microwave Oven in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 60.8 | 58.7 | 75.7 | 75.4 | 7.4% |
| Sweden | 9.5 | 8.8 | 10.2 | 10.1 | 2.1% |
| France | 7.2 | 7.6 | 12.9 | 9.6 | 10.1% |
| Poland | 0.1 | 2.1 | 4.0 | 7.5 | 321.7% |
| Ireland | 8.1 | 8.6 | 5.3 | 6.0 | -9.5% |
| Italy | 0.9 | 1.0 | 3.0 | 3.0 | 49.4% |
| Netherlands | 1.2 | 1.1 | 1.5 | 2.2 | 22.4% |
| Hungary | 5.6 | 3.4 | 4.8 | 1.2 | -40.2% |
| United Arab Emirates | 0.5 | 2.0 | 1.3 | 0.2 | -26.3% |
| Others | 5.6 | 4.4 | 7.6 | 8.7 | 15.8% |
| Total | 99.4 | 97.6 | 126 | 124 | 7.6% |
Top Export Markets for Microwave Oven from the UK in 2022:
- Germany (475.1K units)
- Sweden (63.0K units)
- Poland (61.4K units)
- Ireland (58.8K units)
- France (54.7K units)
- Italy (25.2K units)
- Netherlands (22.3K units)
- Hungary (9.7K units)
- United Arab Emirates (2.1K units)
This report provides an in-depth analysis of the microwave oven market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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