Eastern Europe: Microwave Oven Market 2024

Microwave Oven Market Size in Eastern Europe

After two years of growth, the East European microwave oven market decreased by X% to $X in 2022. Over the period under review, consumption saw a slight slump. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Microwave Oven Production in Eastern Europe

In value terms, microwave oven production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Microwave Oven Exports

Exports in Eastern Europe

Microwave oven exports shrank to X units in 2022, waning by X% against 2021. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, microwave oven exports expanded sharply to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Belarus (X units) and Poland (X units) represented roughly X% of total exports in 2022. Slovakia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%), the Czech Republic (X%) and Romania (X%). Hungary (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belarus ($X) and Slovakia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports in Eastern Europe

In 2022, after six years of growth, there was significant decline in supplies from abroad of microwave ovens, when their volume decreased by X% to X units. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, microwave oven imports shrank to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Russia (X units) was the largest importer of microwave ovens, achieving X% of total imports. Poland (X units) held the second position in the ranking, distantly followed by Ukraine (X units) and the Czech Republic (X units). All these countries together held approx. X% share of total imports. The following importers - Romania (X units), Hungary (X units) and Slovakia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to microwave oven imports into Russia stood at X%. At the same time, Poland (X%), Romania (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Slovakia experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Romania, Hungary, Ukraine and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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