Latest Report Update: Dec 20, 2019

Cyprus - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Cyprus: Microwave Oven Market Overview 2020

Microwave Oven Market Size in Cyprus

The revenue of the microwave oven market in Cyprus amounted to $X in 2018, waning 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). Overall, microwave oven consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Cyprus microwave oven consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Microwave Oven Exports

Exports from Cyprus

In 2018, approx. X units of microwave ovens were exported from Cyprus; growing by X% against the previous year. In general, microwave oven exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, microwave oven exports attained their maximum at X units in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, microwave oven exports stood at $X in 2018. Overall, microwave oven exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, microwave oven exports attained their peak figure at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of about X units, which reached X% of total exports. Malaysia (X units) took an X% share (based on tonnes) of total exports, which put it in second place, followed by Thailand (X%). The following exporters - Germany (X units), Belarus (X units) and the UK (X units) - each resulted at a X% share of total exports.

China experienced a relatively flat trend pattern of microwave ovens exports. At the same time, Belarus (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Malaysia increased by +X% and +X% percentage points, while Germany (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

In China, microwave oven exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

The microwave oven export price in Cyprus stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the microwave oven export price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. In that year, the export prices for microwave ovens attained their peak level of $X per unit. From 2017 to 2018, the growth in terms of the export prices for microwave ovens remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports into Cyprus

In 2018, the microwave oven imports into Cyprus totaled X units, reducing by -X% against the previous year. Over the period under review, microwave oven imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Cyprus imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, microwave oven imports totaled $X in 2018. Over the period under review, microwave oven imports continue to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the key importer of microwave ovens in the world, with the volume of imports resulting at X units, which was near X% of total imports in 2018. Japan (X units) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by the UK (X%) and Russia (X%). The following importers - Mexico (X units), France (X units), Brazil (X units), Germany (X units), Canada (X units), Spain (X units), South Korea (X units) and Australia (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to microwave oven imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Brazil (+X%), Russia (+X%), Mexico (+X%), Japan (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), the U.S. (+X p.p.), Russia (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK, Spain and Germany saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported microwave ovens into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., microwave oven imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

The microwave oven import price in Cyprus stood at $X per unit in 2018, growing by X% against the previous year. In general, the microwave oven import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2011 an increase of X% y-o-y. In that year, the import prices for microwave ovens attained their peak level of $X per unit. From 2012 to 2018, the growth in terms of the import prices for microwave ovens remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27512700 - Domestic microwave ovens

This report provides an in-depth analysis of the microwave oven market in Cyprus. 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.


Country coverage:
• Cyprus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Cyprus
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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