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Finland - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Finland

After three years of growth, the Finnish microwave oven market decreased by -X% to $X in 2019. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Microwave Oven Exports

Exports from Finland

Microwave oven exports from Finland soared to X units in 2019, picking up by X% against 2018. In general, exports showed moderate growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Exports peaked at X units in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, microwave oven exports totaled $X in 2019. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Estonia (X units) and Denmark (X units) were the main destinations of microwave oven exports from Finland, together accounting for X% of total exports. These countries were followed by Gambia, which accounted for a further X 2007 to 2019, the biggest increases were in Gambia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2019, the average microwave oven export price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

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

Microwave Oven Imports

Imports into Finland

After four years of growth, overseas purchases of microwave ovens decreased by -X% to X units in 2019. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, microwave oven imports shrank dramatically to $X in 2019. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2019, China (X units) constituted the largest supplier of microwave oven to Finland, with a X% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the UK (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2019, the average microwave oven import price amounted to $X per unit, declining by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for microwave ovens in the world?
+
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. These countries were followed by India, Brazil, Germany, France, South Korea, the UK, Italy, Mexico and Spain, which together accounted for a further 25%.
What are the largest producers of microwave ovens in the world?
+
The country with the largest volume of microwave oven production was China (91M units), 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 Finland?
+
In value terms, China ($8.4M) constituted the largest supplier of microwave oven to Finland, comprising 56% of total imports. The second position in the ranking was occupied by the UK ($2.4M), with a 16% share of total imports. It was followed by Malaysia, with a 13% share.
What are the leading importers of microwave ovens from Finland?
+
In value terms, Sweden ($205K) remains the key foreign market for microwave oven exports from Finland, comprising 71% of total exports. The second position in the ranking was occupied by Estonia ($52K), with a 18% share of total exports. It was followed by Denmark, with a 4.7% share.
What is the average export price for microwave ovens in Finland?
+
In 2019, the average microwave oven export price amounted to $56 per unit, falling by -16.6% against the previous year.
What is the average import price for microwave ovens in Finland?
+
In 2019, the average microwave oven import price amounted to $54 per unit, declining by -6.1% against the previous year.

Product coverage:
• Prodcom 27512700 - Domestic microwave ovens

This report provides an in-depth analysis of the microwave oven market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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