Austria: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Austria

The Austrian microwave oven market reduced to $X in 2019, dropping by -X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Microwave Oven Production in Austria

In value terms, microwave oven production dropped remarkably to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Microwave oven production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Microwave Oven Exports

Exports from Austria

In 2019, shipments abroad of microwave ovens decreased by -X% to X units, falling for the third consecutive year after four years of growth. In general, exports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X units in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, microwave oven exports declined sharply to $X in 2019. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Germany (X units) was the main destination for microwave oven exports from Austria, with a X% share of total exports. Moreover, microwave oven exports to Germany exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was occupied by Greece (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Greece (+X% per year).

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 2019, the average annual rate of growth in terms 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

In 2019, the average microwave oven export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, export price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, microwave oven export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into Austria

In 2019, imports of microwave ovens into Austria soared to X units, rising by X% on the previous year. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, microwave oven imports skyrocketed to $X in 2019. Over the period under review, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Germany (X units) constituted the largest microwave oven supplier to Austria, accounting for a X% share of total imports. Moreover, microwave oven imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. The third position in this ranking was occupied by Italy (X units), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Italy (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Slovakia (+X% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2019, shrinking by -X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

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 2019 were China (39M units), the U.S. (22M units) and Japan (10M units), together comprising 52% of global consumption. India, Brazil, Germany, France, South Korea, the UK, Italy, Mexico and Spain lagged somewhat behind, together accounting for a further 25%.

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

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China (91M units) constituted the country with the largest volume of microwave oven production, comprising approx. 63% of total volume. Moreover, microwave oven production in China exceeded the figures recorded by the second-largest producer, Japan (8.3M units), more than tenfold. The third position in this ranking was occupied by Malaysia (7.9M units), with a 5.4% share.

What are the leading suppliers of microwave ovens to Austria?

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In value terms, Germany ($16M) constituted the largest supplier of microwave oven to Austria, comprising 81% of total imports. The second position in the ranking was occupied by Italy ($1.1M), with a 5.4% share of total imports. It was followed by Slovakia, with a 5.2% share.

What are the leading importers of microwave ovens from Austria?

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In value terms, Germany ($2.2M) remains the key foreign market for microwave oven exports from Austria, comprising 69% of total exports. The second position in the ranking was occupied by Italy ($311K), with a 9.8% share of total exports. It was followed by Switzerland, with a 6.2% share.

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

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In 2019, the average microwave oven export price amounted to $69 per unit, shrinking by -12.6% against the previous year.

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

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In 2019, the average microwave oven import price amounted to $46 per unit, reducing by -19.7% against the previous year.