Microwave Oven Market Overview in Estonia
In value terms, microwave oven production expanded markedly to $ in estimated in export prices. In general, the total production indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2017 indices. The pace of growth was the most pronounced in 2009 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to , production remained at a lower figure.
The revenue of the microwave oven market in Estonia skyrocketed to $ in , increasing by % 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.