Report Update: May 1, 2024

Myanmar - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights

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Commercial Refrigeration Equipment Price in Myanmar - 2022

Commercial Refrigeration Equipment Price in Myanmar (CIF) - 2022

The average commercial refrigeration equipment import price stood at $178 per unit in December 2022, rising by 15% against the previous month. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 42% m-o-m. As a result, import price reached the peak level of $502 per unit. From February 2022 to December 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($177 per unit), while the price for Curacao stood at $37.2 per unit.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Commercial Refrigeration Equipment Price in Myanmar (FOB) - 2022

The average commercial refrigeration equipment export price stood at $257 per unit in 2022, reducing by -5.7% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 337% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,483 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($258 per unit), while the average price for exports to China ($254 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 Singapore (+74.3%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports in Myanmar

In 2022, approx. 33K units of refrigerating and freezing equipment and heat pumps (except household type equipment) were imported into Myanmar; surging by 8.3% against 2021 figures. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 67K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, commercial refrigeration equipment imports contracted to $7.5M in 2022. Overall, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Commercial Refrigeration Equipment in Myanmar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.1	10.5	3.3	5.1	-5.8%
Thailand	1.2	2.7	1.3	1.1	-2.9%
Italy	0.4	0.4	0.2	0.3	-9.1%
Taiwan (Chinese)	0.1	0.4	0.4	0.1	0.0%
India	1.4	0.3	N/A	N/A	-78.6%
Others	2.7	2.6	2.8	0.7	-36.2%
Total	12.0	16.9	8.0	7.5	-14.5%

Top Suppliers of Commercial Refrigeration Equipment to Myanmar in 2022:

China (25.7K units)
Thailand (4.1K units)
Italy (1.4K units)
Taiwan (Chinese) (0.6K units)
India (0.1K units)

Commercial Refrigeration Equipment Exports in Myanmar

In 2022, after three years of growth, there was significant decline in overseas shipments of refrigerating and freezing equipment and heat pumps (except household type equipment), when their volume decreased by -61.8% to 65 units. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 286%. As a result, the exports reached the peak of 170 units, and then contracted sharply in the following year.

In value terms, commercial refrigeration equipment exports dropped dramatically to $17K in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 362% against the previous year. As a result, the exports reached the peak of $46K, and then plummeted in the following year.

Export of Commercial Refrigeration Equipment in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	N/A	4.5	7.1	9.0	41.4%
Cambodia	N/A	N/A	N/A	4.4	0%
China	N/A	3.8	3.9	3.3	-6.8%
Hong Kong SAR	12.7	N/A	N/A	N/A	0%
Vietnam	N/A	N/A	3.4	N/A	0%
Malaysia	N/A	N/A	17.7	N/A	0%
Netherlands	13.5	N/A	N/A	N/A	0%
Others	N/A	1.7	14.2	N/A	735.3%
Total	26.2	10.0	46.4	16.7	-13.9%

Top Export Markets for Commercial Refrigeration Equipment from Myanmar in 2022:

Singapore (35.0 units)
Cambodia (17.0 units)
China (13.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the commercial refrigeration equipment market in Myanmar. 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
Prodcom 28251340 -
Prodcom 28251350 -
Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Prodcom 28251390 - Other refrigerating or freezing equipment

Country coverage:

Myanmar

Data coverage:

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