Turkey - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in Turkey - 2023
Contents:
- Microwave Oven Price in Turkey (CIF) - 2023
- Microwave Oven Price in Turkey (FOB) - 2023
- Microwave Oven Imports in Turkey
- Microwave Oven Exports in Turkey
Microwave Oven Price in Turkey (CIF) - 2023
The average microwave oven import price stood at $51.6 per unit in September 2023, flattening at the previous month. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 31% month-to-month. Over the period under review, average import prices attained the peak figure at $82.9 per unit in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($61.7 per unit), while the price for China amounted to $48.0 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.3%).
Microwave Oven Price in Turkey (FOB) - 2023
In September 2023, the average microwave oven export price amounted to $107 per unit, therefore, remained relatively stable against the previous month. In general, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in January 2023 an increase of 54% month-to-month. The export price peaked at $179 per unit in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Uzbekistan ($216 per unit), while the average price for exports to Kyrgyzstan ($33.6 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 Ukraine (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports in Turkey
In 2022, the amount of microwave ovens imported into Turkey surged to 724K units, with an increase of 33% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, microwave oven imports skyrocketed to $50M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Microwave Oven in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.6 | 13.3 | 21.3 | 34.9 | 40.4% |
| Malaysia | 8.2 | 4.5 | 7.2 | 10.2 | 7.5% |
| Others | 1.6 | 2.5 | 3.1 | 4.9 | 45.2% |
| Total | 22.4 | 20.3 | 31.6 | 50.1 | 30.8% |
Top Suppliers of Microwave Oven to Turkey in 2022:
- China (537.3K units)
- Malaysia (173.7K units)
Microwave Oven Exports in Turkey
In 2022, approx. 94K units of microwave ovens were exported from Turkey; growing by 55% compared with the previous year. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 74% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, microwave oven exports skyrocketed to $10M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Microwave Oven in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 363 | 352 | 555 | 4,612 | 133.3% |
| Azerbaijan | 554 | 324 | 684 | 906 | 17.8% |
| Georgia | 428 | 180 | 299 | 692 | 17.4% |
| United Arab Emirates | 25.1 | 89.8 | 97.3 | 648 | 195.6% |
| Uzbekistan | 80.5 | 295 | 269 | 462 | 79.0% |
| Cyprus | 217 | 117 | 308 | 358 | 18.2% |
| Iraq | 65.7 | 333 | 472 | 248 | 55.7% |
| Tajikistan | 77.0 | 50.6 | 296 | 215 | 40.8% |
| Nigeria | 402 | 79.8 | 148 | 174 | -24.4% |
| Kenya | 278 | 146 | 174 | 164 | -16.1% |
| Libya | 87.7 | 17.1 | 185 | 149 | 19.3% |
| Others | 1,195 | 1,299 | 2,130 | 1,727 | 13.1% |
| Total | 3,773 | 3,283 | 5,617 | 10,355 | 40.0% |
Top Export Markets for Microwave Oven from Turkey in 2022:
- Kazakhstan (38.2K units)
- Georgia (9.0K units)
- United Arab Emirates (7.9K units)
- Azerbaijan (7.8K units)
- Cyprus (4.1K units)
- Tajikistan (3.3K units)
- Libya (2.4K units)
- Uzbekistan (2.0K units)
- Kenya (1.7K units)
- Iraq (1.4K units)
- Nigeria (1.2K units)
This report provides an in-depth analysis of the microwave oven market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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