
Austria - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
Austria: Microwave Oven Market 2023
Microwave Oven Market Size in Austria
The Austrian microwave oven market expanded notably to $X in 2021, growing by 13% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.8% against 2019 indices. Microwave oven consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Microwave Oven Production in Austria
In value terms, microwave oven production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 56%. Microwave oven production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Microwave Oven Exports
Exports from Austria
In 2021, shipments abroad of microwave ovens increased by 41% to X units, rising for the third consecutive year after two years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.
In value terms, microwave oven exports soared to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Germany (X units) was the main destination for microwave oven exports from Austria, accounting for a 37% share of total exports. Moreover, microwave oven exports to Germany exceeded the volume sent to the second major destination, Poland (X units), twofold. Italy (X units) ranked third in terms of total exports with a 14% share.
From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.3% per year) and Italy (+14.9% per year).
In value terms, Germany ($X) remains the key foreign market for microwave oven exports from Austria, comprising 59% of total exports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total exports. It was followed by Poland, with a 6.8% share.
From 2012 to 2021, the average annual growth rate of value to Germany amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.0% per year) and Poland (+1.7% per year).
Export Prices by Country
In 2021, the average microwave oven export price amounted to $X per unit, declining by -8.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 58%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports
Imports into Austria
In 2021, approx. X units of microwave ovens were imported into Austria; with an increase of 4.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.
In value terms, microwave oven imports rose notably to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 16% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.
Imports by Country
Germany (X units), China (X units) and Slovakia (X units) were the main suppliers of microwave oven imports to Austria, with a combined 92% share of total imports.
From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +131.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X) constituted the largest supplier of microwave oven to Austria, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Slovakia, with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.0% per year) and Slovakia (+127.5% per year).
Import Prices by Country
The average microwave oven import price stood at $X per unit in 2021, rising by 9.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the microwave oven market in Austria. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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