New Zealand - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in New Zealand - 2023
Contents:
- Microwave Oven Price in New Zealand (CIF) - 2023
- Microwave Oven Price in New Zealand (FOB) - 2022
- Microwave Oven Imports in New Zealand
- Microwave Oven Exports in New Zealand
Microwave Oven Price in New Zealand (CIF) - 2023
The average microwave oven import price stood at $62.3 per unit in September 2023, surging by 5.4% against the previous month. Over the period under review, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 43% against the previous month. As a result, import price reached the peak level of $96.8 per unit. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($63.9 per unit), while the price for China stood at $61.1 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.7%).
Microwave Oven Price in New Zealand (FOB) - 2022
The average microwave oven export price stood at $104 per unit in 2022, with an increase of 3.2% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 26%. The export price peaked at $121 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Fiji ($110 per unit), while the average price for exports to Tonga ($67 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 Philippines (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Microwave Oven Imports in New Zealand
In 2022, imports of microwave ovens into New Zealand declined slightly to 232K units, waning by -1.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 236K units, and then fell in the following year.
In value terms, microwave oven imports rose modestly to $17M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Microwave Oven in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.2 | 12.2 | 14.9 | 15.0 | 4.4% |
Malaysia | 0.6 | 1.0 | 1.0 | 1.5 | 35.7% |
Others | 1.2 | 0.9 | 1.4 | 1.0 | -5.9% |
Total | 15.0 | 14.0 | 17.2 | 17.5 | 5.3% |
Top Suppliers of Microwave Oven to New Zealand in 2022:
- China (210.5K units)
- Malaysia (19.9K units)
Microwave Oven Exports in New Zealand
In 2022, overseas shipments of microwave ovens increased by 34% to 1.2K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at 1.6K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, microwave oven exports skyrocketed to $121K in 2022. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $155K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Microwave Oven in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cook Islands | 50.9 | 22.6 | 23.0 | 44.9 | -4.1% |
Fiji | 31.3 | 9.5 | 9.0 | 28.1 | -3.5% |
Samoa | 22.9 | 10.9 | 29.4 | 24.7 | 2.6% |
Vanuatu | 2.9 | 0.1 | 2.7 | 10.8 | 55.0% |
Papua New Guinea | 5.0 | 23.0 | 11.1 | 2.9 | -16.6% |
Tonga | 1.1 | 2.8 | 5.7 | 1.5 | 10.9% |
Niue | 4.3 | 1.3 | 1.7 | 1.5 | -29.6% |
Australia | 31.6 | 16.5 | N/A | 0.1 | -85.3% |
Others | 4.8 | 6.1 | 5.4 | 6.9 | 12.9% |
Total | 155 | 92.9 | 88.0 | 121 | -7.9% |
Top Export Markets for Microwave Oven from New Zealand in 2022:
- Cook Islands (441.0 units)
- Samoa (273.0 units)
- Fiji (255.0 units)
- Vanuatu (115.0 units)
- Tonga (23.0 units)
- Papua New Guinea (17.0 units)
- Niue (15.0 units)
- Australia (1.0 units)
This report provides an in-depth analysis of the microwave oven market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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