U.S. - 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 the United States - 2023
Contents:
- Microwave Oven Price in the United States (CIF) - 2023
- Microwave Oven Price in the United States (FOB) - 2023
- Microwave Oven Imports in the United States
- Microwave Oven Exports in the United States
Microwave Oven Price in the United States (CIF) - 2023
The average microwave oven import price stood at $72.9 per unit in September 2023, rising by 8.5% against the previous month. Overall, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in March 2023 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $85.2 per unit. From April 2023 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 Malaysia ($165 per unit), while the price for China totaled $67.7 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%).
Microwave Oven Price in the United States (FOB) - 2023
The average microwave oven export price stood at $125 per unit in September 2023, growing by 5.2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $127 per unit in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Costa Rica ($172 per unit), while the average price for exports to Trinidad and Tobago ($92.3 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 El Salvador (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports in the United States
In 2022, supplies from abroad of microwave ovens decreased by -5.3% to 20M units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25%. As a result, imports attained the peak of 23M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, microwave oven imports expanded modestly to $1.6B 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 being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.8%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Microwave Oven in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,193 | 1,365 | 1,387 | 1,401 | 5.5% |
| Malaysia | 190 | 145 | 118 | 138 | -10.1% |
| Others | 22.0 | 18.9 | 34.0 | 39.1 | 21.1% |
| Total | 1,404 | 1,529 | 1,538 | 1,578 | 4.0% |
Top Suppliers of Microwave Oven to the United States in 2022:
- China (19.4M units)
- Malaysia (1.0M units)
Microwave Oven Exports in the United States
In 2022, the amount of microwave ovens exported from the United States rose significantly to 490K units, with an increase of 9% on the previous year's figure. The total export volume increased at an average annual rate of +6.6% over the period 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 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, microwave oven exports expanded slightly to $60M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Microwave Oven in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 29.8 | 34.4 | 43.0 | 41.0 | 11.2% |
| Mexico | 2.5 | 1.5 | 3.0 | 3.4 | 10.8% |
| Trinidad and Tobago | 1.0 | 1.4 | 1.2 | 1.8 | 21.6% |
| Costa Rica | 0.6 | 0.7 | 1.0 | 1.3 | 29.4% |
| Jamaica | 0.4 | 0.6 | 0.7 | 1.1 | 40.1% |
| United Kingdom | 0.9 | 0.5 | 0.5 | 1.1 | 6.9% |
| Australia | 0.4 | 0.5 | 0.3 | 1.0 | 35.7% |
| Venezuela | 0.3 | 0.2 | 0.6 | 0.8 | 38.7% |
| China | 3.2 | 0.3 | N/A | N/A | -90.6% |
| Others | 11.2 | 7.7 | 7.5 | 9.0 | -7.0% |
| Total | 50.4 | 47.7 | 57.7 | 60.5 | 6.3% |
Top Export Markets for Microwave Oven from the United States in 2022:
- China (undefinedK units)
- Canada (319.2K units)
- Mexico (25.9K units)
- Trinidad and Tobago (19.1K units)
- Jamaica (11.1K units)
- United Kingdom (10.3K units)
- Venezuela (9.1K units)
- Australia (8.9K units)
- Costa Rica (7.5K units)
This report provides an in-depth analysis of the microwave oven market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
675
This report provides an in-depth analysis of the microwave oven market in the U.S..
340
This report provides an in-depth analysis of the domestic electric oven market in the USA.
107
This report provides an in-depth analysis of the domestic electro-thermic appliances market in the U.S..
437
This report provides an in-depth analysis of the hair curler market in the U.S..
473
This report provides an in-depth analysis of the electric heating radiator market in the U.S..
362
This report provides an in-depth analysis of the electric radiator market in the U.S..
382
This report provides an in-depth analysis of the electric heating resistor market in the U.S..
398
This report provides an in-depth analysis of the electric hand-dryer market in the U.S..
489
This report provides an in-depth analysis of the electric hair dryer market in the U.S..
411
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 the U.S..
251
In February 2023, the price of a microwave oven was $75.9 (CIF, US) - an 11% increase compared to the previous month.
343
In August 2022, the microwave oven price stood at $85 per unit (CIF, US), with a decrease of -7% against the previous month.
579
Despite global logistical tensions amid the sharp container shortage, the U.S. continues to boosts microwave oven imports. Last year, American purchases spiked by +16.3% to $1.6B, reaching the highest level ever. In the first seven months of 2021, American imports reached 12.9M units, exceeding last year’s 12.1M units over the same period. China dominates American imports, supplying 95% of the total volume. In 2020, Chinese shipments to the U.S. jumped by +29% y-o-y to 22M units, while Malaysia saw a 19%-decline in supplies. Chinese microwave ovens thus drive out Malaysian products from the American market.
77
During the review period, Hair Curler imports reached a peak of 3.8M units in May 2023 before stabilizing until December 2023. In terms of value, imports saw a significant decline to $32M by December 2023.
230
Hair Curler imports reached a record high of $46 million in May 2023.
350
Electric heating radiator imports reached a staggering $2.6 million in June 2023.
238
In terms of value, imports of Electric Heating Resistors decreased to $60M in July 2023.
114
During the review period, Electric Hair Dryer imports reached a peak of 2.3M units in May 2023, but from June to December 2023, the number of imports decreased. In terms of value, Electric Hair Dryer imports dropped significantly to $21M in December 2023.
343
In April 2023, the electric hair dryer price amounted to $15.2 per unit (CIF, US), declining by -5.9% against the previous month.
463
In April 2023, the domestic coffee machine price amounted to $35.2 per unit (CIF, US), with a decrease of -13.2% against the previous month.
