Key Market Indicators
Armenian microwave oven imports are forecast to reach just under 30,000 units by 2026, a 3.8% increase on the 23,400 units imported in 2021. Since 2005, there has been an average annual growth rate of 20.8%. Meanwhile, exports are predicted to decrease by 4.1%, from 463 units in 2021 to 354.57 units in 2026. The country ranked 55th in 2021, but was overtaken by Bosnia and Herzegovina, which managed to export 463 units. Malaysia, Thailand and Belarus were the top three exporters, in that order.
