MERCOSUR: Microwave Oven Market 2024

Microwave Oven Market Size in MERCOSUR

In 2022, after five years of growth, there was decline in the MERCOSUR microwave oven market, when its value decreased by X% to $X. Over the period under review, consumption recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Microwave Oven Production in MERCOSUR

In value terms, microwave oven production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Microwave Oven Exports

Exports in MERCOSUR

In 2022, approx. X units of microwave ovens were exported in MERCOSUR; increasing by X% on 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, microwave oven exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X units, which resulted at X% of total exports. Chile (X units) took the second position in the ranking, distantly followed by Ecuador (X units), Colombia (X units) and Peru (X units). All these countries together held near X% share of total exports. Argentina (X units) and Suriname (X units) took a minor share of total exports.

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

In value terms, Chile ($X) remains the largest microwave oven supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while Suriname ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Microwave Oven Imports

Imports in MERCOSUR

In 2022, microwave oven imports in MERCOSUR dropped significantly to X units, which is down by X% on 2021 figures. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, microwave oven imports shrank to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X units), distantly followed by Colombia (X units), Peru (X units), Ecuador (X units) and Uruguay (X units) represented the key importers of microwave ovens, together creating X% of total imports. The following importers - Venezuela (X units) and Paraguay (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Ecuador, Paraguay, Uruguay and Venezuela lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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