Key Market Indicators
The UK is set to be the fifth largest exporter of microwave ovens by 2026. The export of microwave ovens from the UK is projected to fall by 4.1% year-on-year CAGR from 2021 to 2026, from 793,860 units to 619,610 units. This is a 4.6% decrease since 2005. Malaysia, Thailand and Belarus respectively rank as the second, third and fourth largest exporters, with Belarus overtaking the UK in 2021 with 793,860 units. The import of microwave ovens into the UK is set to marginally decrease by 0.1% year-on-year CAGR from 2021 to 2026, from 4,211,100 units to 4,163,700 units. This is a 1.3% decrease since 2005.
