Croatia: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Croatia

The Croatian microwave oven market skyrocketed to $X in 2019, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Microwave oven consumption peaked in 2019 and is expected to retain growth in the near future.

Microwave Oven Exports

Exports from Croatia

In 2019, shipments abroad of microwave ovens increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X units in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, microwave oven exports surged to $X in 2019. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Slovenia (X units), Poland (X units) and Hungary (X units) were the main destinations of microwave oven exports from Croatia, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value to Slovenia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Hungary (-X% per year).

Export Prices by Country

In 2019, the average microwave oven export price amounted to $X per unit, dropping by -X% against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per unit. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Slovenia ($X per unit), while the average price for exports to Hungary ($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 Bosnia and Herzegovina, while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into Croatia

In 2019, the amount of microwave ovens imported into Croatia skyrocketed to X units, increasing by X% against the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, microwave oven imports soared to $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Slovenia (X units) and Italy (X units) were the main suppliers of microwave oven imports to Croatia, together comprising X% of total imports. Hungary, Malaysia, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), China ($X) and Italy ($X) appeared to be the largest microwave oven suppliers to Croatia, together accounting for X% of total imports. Hungary, Malaysia, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average microwave oven import price amounted to $X per unit, with a decrease of -X% against the previous year. In general, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per unit. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, 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), with a combined 52% share of global consumption. India, Brazil, Germany, France, South Korea, the UK, Italy, Mexico and Spain lagged somewhat behind, together comprising a further 25%.

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

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China (91M units) remains the largest microwave oven producing country worldwide, accounting for 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 Croatia?

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In value terms, Slovenia ($1.3M), China ($1M) and Italy ($713K) constituted the largest microwave oven suppliers to Croatia, with a combined 64% share of total imports. Hungary, Malaysia, Poland and the Czech Republic lagged somewhat behind, together comprising a further 27%.

What are the leading importers of microwave ovens from Croatia?

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In value terms, Slovenia ($76K) remains the key foreign market for microwave oven exports from Croatia, comprising 60% of total exports. The second position in the ranking was occupied by Poland ($31K), with a 25% share of total exports. It was followed by Hungary, with a 4.9% share.

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

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In 2019, the average microwave oven export price amounted to $51 per unit, which is down by -24.5% against the previous year.

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

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In 2019, the average microwave oven import price amounted to $34 per unit, declining by -14.9% against the previous year.