Report Update Apr 1, 2024

Puerto Rico - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Microwave Oven Market 2024

Microwave Oven Market Size in Puerto Rico

The Puerto Rican microwave oven market dropped to $X in 2021, with a decrease of -14.6% against the previous year. Overall, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Microwave Oven Production in Puerto Rico

In value terms, microwave oven production dropped remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of 63%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Microwave Oven Exports

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 78% of total exports in 2021. It was distantly followed by Malaysia (X units), mixing up a 9.5% share of total exports. The following exporters - Thailand (X units) and Germany (X units) - each reached a 4.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to microwave oven exports from China stood at +3.4%. At the same time, Malaysia (+4.3%) and Germany (+3.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +4.3% from 2012-2021. By contrast, Thailand (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +1.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest microwave oven supplier from Puerto Rico, comprising 70% of global exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of global exports. It was followed by Thailand, with a 4.2% share.

In China, microwave oven exports increased at an average annual rate of +4.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+4.3% per year) and Thailand (-4.0% per year).

Microwave Oven Imports

Imports by Country

The United States represented the largest importing country with an import of about X units, which resulted at 25% of total imports. Japan (X units) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by France (5.3%), Germany (5.2%), the UK (5.1%) and Russia (4.9%). Spain (X units), South Korea (X units), the Netherlands (X units), Italy (X units), Canada (X units), Mexico (X units) and Poland (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to microwave oven imports into the United States stood at +3.2%. At the same time, the Netherlands (+11.8%), South Korea (+10.6%), Poland (+10.1%), Spain (+7.9%), Italy (+6.7%), France (+4.0%), Russia (+4.0%), Germany (+3.4%), Mexico (+1.9%), Canada (+1.7%) and the UK (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +11.8% from 2012-2021. Japan experienced a relatively flat trend pattern. The United States (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported microwave ovens into Puerto Rico, comprising 30% of global imports. The second position in the ranking was taken by Japan ($X), with an 8.6% share of global imports. It was followed by Germany, with a 5.3% share.

In the United States, microwave oven imports expanded at an average annual rate of +3.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.0% per year) and Germany (+3.3% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for microwave ovens in the world?

The country with the largest volume of microwave oven consumption was China, accounting for 27% of total volume. Moreover, microwave oven consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of microwave ovens in the world?

The country with the largest volume of microwave oven production was China, comprising approx. 66% of total volume. Moreover, microwave oven production in China exceeded the figures recorded by the second-largest producer, Malaysia, more than tenfold. The third position in this ranking was held by India, with a 4.1% share.

What are the leading suppliers of microwave ovens to Puerto Rico?

In value terms, the United States constitutes the largest market for imported microwave ovens into Puerto Rico, comprising 30% of global imports. The second position in the ranking was held by Japan, with an 8.6% share of global imports. It was followed by Germany, with a 5.3% share.

What are the leading importers of microwave ovens from Puerto Rico?

In value terms, China remains the largest microwave oven supplier from Puerto Rico, comprising 70% of global exports. The second position in the ranking was held by Malaysia, with an 11% share of global exports. It was followed by Thailand, with a 4.2% share.

This report provides an in-depth analysis of the microwave oven market in Puerto Rico. 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 2030.

Product coverage:

Prodcom 27512700 - Domestic microwave ovens

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023