
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.
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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