Iceland: Microwave Oven Market Overview 2020

Microwave Oven Market Size in Iceland

The revenue of the microwave oven market in Iceland amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, microwave oven consumption continues to indicate a significant descent. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the microwave oven market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Microwave Oven Exports

Exports from Iceland

Microwave oven exports from Iceland amounted to X units in 2018, surging by X% against the previous year. Over the period under review, microwave oven exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Iceland exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, microwave oven exports stood at $X in 2018. In general, microwave oven exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Iceland exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

In 2018, China (X units) represented the largest exporter of microwave ovens, creating X% of total exports. It was distantly followed by Malaysia (X units) and Thailand (X units), together creating a X% share of total exports. The following exporters - Germany (X units), Belarus (X units) and the UK (X units) - each finished at a X% share of total exports.

China experienced a relatively flat trend pattern of microwave ovens exports. At the same time, Belarus (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Malaysia increased by +X% and +X% percentage points, while Germany (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2018, the microwave oven export price in Iceland amounted to $X per unit, surging by X% against the previous year. In general, the microwave oven export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Iceland export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports into Iceland

Microwave oven imports into Iceland stood at X units in 2018, dropping by -X% against the previous year. In general, microwave oven imports continue to indicate a moderate slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, microwave oven imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, microwave oven imports stood at $X in 2018. In general, microwave oven imports continue to indicate a drastic contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, microwave oven imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. was the largest importer of microwave ovens in the world, with the volume of imports amounting to X units, which was near X% of total imports in 2018. Japan (X units) took an X% share (based on tonnes) of total imports, which put it in second place, followed by the UK (X%) and Russia (X%). The following importers - Mexico (X units), France (X units), Brazil (X units), Germany (X units), Canada (X units), Spain (X units), South Korea (X units) and Australia (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Brazil (+X%), Russia (+X%), Mexico (+X%), Japan (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Japan, the U.S., Russia and South Korea increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.), Spain (-X p.p.) and Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported microwave ovens into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the UK (-X% per year).

Import Prices by Country

The microwave oven import price in Iceland stood at $X per unit in 2018, going down by -X% against the previous year. In general, the microwave oven import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, the import prices for microwave ovens attained their maximum at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform