Austria: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Austria

In 2020, the Austrian microwave oven market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Microwave Oven Production in Austria

In value terms, microwave oven production surged to $X in 2020 estimated in export prices. In general, production enjoyed a buoyant expansion. Microwave oven production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Microwave Oven Exports

Exports from Austria

In 2020, overseas shipments of microwave ovens decreased by -X% to X units, falling for the fourth consecutive year after four years of growth. In general, exports recorded a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X units in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, microwave oven exports totaled $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Italy (X units) and Switzerland (X units) were the main destinations of microwave oven exports from Austria, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for microwave oven exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

The average microwave oven export price stood at $X per unit in 2020, with an increase of X% against the previous year. Over the period under review, export price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Germany ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Austria

In 2020, after two years of growth, there was significant decline in purchases abroad of microwave ovens, when their volume decreased by -X% to X units. Overall, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019, and then fell notably in the following year.

In value terms, microwave oven imports declined to $X in 2020. In general, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X units) constituted the largest supplier of microwave oven to Austria, accounting for a X% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the UK (-X% per year).

In value terms, China ($X) constituted the largest supplier of microwave oven to Austria, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the UK (-X% per year).

Import Prices by Country

In 2020, the average microwave oven import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per unit in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for microwave ovens in the world?

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The countries with the highest volumes of microwave oven consumption in 2020 were the U.S. (45M units), China (36M units) and Japan (18M units), together accounting for 59% of global consumption. India, the UK, Brazil, France, Spain, Russia, Turkey and Italy lagged somewhat behind, together comprising a further 22%.

What are the largest producers of microwave ovens in the world?

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The country with the largest volume of microwave oven production was China (87M units), accounting for 64% of total volume. Moreover, microwave oven production in China exceeded the figures recorded by the second-largest producer, Japan (8.9M units), tenfold. Malaysia (8.2M units) ranked third in terms of total production with a 6% share.

What are the leading suppliers of microwave ovens to Austria?

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In value terms, China ($7.6M) constituted the largest supplier of microwave oven to Austria, comprising 45% of total imports. The second position in the ranking was occupied by Germany ($3.7M), with a 22% share of total imports. It was followed by the UK, with a 15% share.

What are the leading importers of microwave ovens from Austria?

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In value terms, Germany ($2.3M) remains the key foreign market for microwave oven exports from Austria, comprising 66% of total exports. The second position in the ranking was occupied by Italy ($388K), with a 11% share of total exports. It was followed by Switzerland, with a 5.4% share.

What is the average export price for microwave ovens in Austria?

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In 2020, the average microwave oven export price amounted to $77 per unit, rising by 11% against the previous year.

What is the average import price for microwave ovens in Austria?

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In 2020, the average microwave oven import price amounted to $58 per unit, growing by 25% against the previous year.