Finland: Microwave Oven Market 2024

Microwave Oven Market Size in Finland

In 2022, the Finnish microwave oven market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X, and then declined modestly in the following year.

Microwave Oven Exports

Exports from Finland

Microwave oven exports from Finland skyrocketed to X units in 2022, jumping by X% against the previous year's figure. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, microwave oven exports skyrocketed to $X in 2022. Overall, exports saw a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Denmark (X units), Estonia (X units) and Sweden (X units) were the main destinations of microwave oven exports from Finland, together accounting for X% of total exports.

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

In value terms, the largest markets for microwave oven exported from Finland were Sweden ($X), Denmark ($X) and Estonia ($X), together comprising X% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of X%, recorded the highest growth rate of 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 average microwave oven export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Microwave Oven Imports

Imports into Finland

In 2022, supplies from abroad of microwave ovens decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2021, and then declined rapidly in the following year.

In value terms, microwave oven imports rose slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), China (X units) and the UK (X units) were the main suppliers of microwave oven imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price 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, microwave oven import price increased by X% against 2020 indices. As a result, import 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 supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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