Germany: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Germany

In 2020, the German microwave oven market decreased by -X% to $X, falling for the second year in a row after four years of growth. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2013 to 2020, the growth of the market remained at a somewhat lower figure.

Microwave Oven Production in Germany

In value terms, microwave oven production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Microwave Oven Exports

Exports from Germany

In 2020, the amount of microwave ovens exported from Germany soared to X units, increasing by X% on 2019 figures. In general, exports, however, continue to indicate a deep setback. Over the period under review, exports reached the maximum at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, microwave oven exports skyrocketed to $X in 2020. Over the period under review, exports, however, recorded a noticeable downturn. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

France (X units), Austria (X units) and Poland (X units) were the main destinations of microwave oven exports from Germany, together comprising X% of total exports. The Netherlands, Russia, Sweden, Belgium, Italy, the Czech Republic, Spain, Ukraine, Switzerland and Romania lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Russia ($X) and Austria ($X) constituted the largest markets for microwave oven exported from Germany worldwide, together comprising X% of total exports. These countries were followed by the Netherlands, Sweden, Poland, Belgium, Spain, Italy, Switzerland, the Czech Republic, Romania and Ukraine, which together accounted for a further X the main countries of destination, Romania saw 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

In 2020, the average microwave oven export price amounted to $X per unit, increasing by X% against the previous year. Overall, export price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Spain ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Germany

In 2020, approx. X units of microwave ovens were imported into Germany; picking up by X% against the year before. In general, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, microwave oven imports amounted to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X units) constituted the largest microwave oven supplier to Germany, with a X% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was occupied by Singapore (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Singapore (+X% per year).

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

From 2007 to 2020, 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

The average microwave oven import price stood at $X per unit in 2020, which is down by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform