Portugal: Microwave Oven Market 2024

Microwave Oven Market Size in Portugal

In 2022, after four years of growth, there was significant decline in the Portuguese microwave oven market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then declined notably in the following year.

Microwave Oven Production in Portugal

In value terms, microwave oven production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Microwave oven production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Microwave Oven Exports

Exports from Portugal

In 2022, approx. X units of microwave ovens were exported from Portugal; growing by X% on 2021. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, microwave oven exports totaled $X in 2022. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for microwave oven exports from Portugal, accounting for a X% share of total exports. Moreover, microwave oven exports to Spain exceeded the volume sent to the second major destination, Italy (X units), fivefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the largest markets for microwave oven exported from Portugal were Spain ($X), Italy ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average microwave oven export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Portugal

After four years of growth, supplies from abroad of microwave ovens decreased by X% to X units in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then fell sharply in the following year.

In value terms, microwave oven imports dropped to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of microwave oven imports to Portugal, with a combined X% share of total imports. Malaysia, France and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Spain ($X) and Germany ($X) were the largest microwave oven suppliers to Portugal, with a combined X% share of total imports. Malaysia, France and the Netherlands lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, surging by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microwave oven import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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