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

Microwave Oven Market Size in Hungary

In 2019, after three years of growth, there was significant decline in the Hungarian microwave oven market, when its value decreased by -X% to $X. Over the period under review, consumption, however, saw pronounced growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Microwave Oven Exports

Exports from Hungary

In 2019, the amount of microwave ovens exported from Hungary surged to X units, increasing by X% on the year before. Over the period under review, exports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked at X units in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, microwave oven exports skyrocketed to $X in 2019. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Slovakia (X units), Poland (X units) and the Czech Republic (X units) were the main destinations of microwave oven exports from Hungary, together accounting for X% of total exports. Russia, Romania, Croatia and Ukraine lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for microwave oven exported from Hungary were Poland ($X), the Czech Republic ($X) and Russia ($X), with a combined X% share of total exports.

Russia (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 2019, which is down by -X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per unit in 2009; however, from 2010 to 2019, export prices failed to regain the momentum.

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

Microwave Oven Imports

Imports into Hungary

In 2019, after three years of growth, there was significant decline in supplies from abroad of microwave ovens, when their volume decreased by -X% to X units. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, microwave oven imports dropped markedly to $X in 2019. Over the period under review, total imports indicated modest growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018, and then shrank dramatically in the following year.

Imports by Country

China (X units), Slovakia (X units) and the UK (X units) were the main suppliers of microwave oven imports to Hungary, with a combined X% share of total imports. Slovenia, Malaysia, the Czech Republic and Poland lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and Slovakia ($X) constituted the largest microwave oven suppliers to Hungary, together comprising X% of total imports. These countries were followed by Malaysia, Poland, Slovenia and the Czech Republic, which together accounted for a further X saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2019, waning by -X% against the previous year. In general, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per unit. From 2011 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per unit), while the price for Slovenia ($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. India, Brazil, Germany, France, South Korea, the UK, Italy, Mexico and Spain lagged somewhat behind, together accounting 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 Hungary?
+
In value terms, China ($6.1M), the UK ($4M) and Slovakia ($3.8M) were the largest microwave oven suppliers to Hungary, together accounting for 71% of total imports. Malaysia, Poland, Slovenia and the Czech Republic lagged somewhat behind, together comprising a further 23%.
What are the leading importers of microwave ovens from Hungary?
+
In value terms, the largest markets for microwave oven exported from Hungary were Poland ($395K), the Czech Republic ($355K) and Russia ($285K), together accounting for 65% of total exports.
What is the average export price for microwave ovens in Hungary?
+
The average microwave oven export price stood at $37 per unit in 2019, with a decrease of -9% against the previous year.
What is the average import price for microwave ovens in Hungary?
+
The average microwave oven import price stood at $42 per unit in 2019, declining by -9.6% against the previous year.

Product coverage:
• Prodcom 27512700 - Domestic microwave ovens

This report provides an in-depth analysis of the microwave oven market in Hungary. 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:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• 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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