Report Update: May 1, 2024

Myanmar - Electrical Apparatus For Sound Or Visual Signalling - Market Analysis, Forecast, Size, Trends And Insights

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Electrical Signalling Apparatus Price in Myanmar - 2022

Electrical Signalling Apparatus Price in Myanmar (CIF) - 2022

The average electrical signalling apparatus import price stood at $6 per unit in 2022, picking up by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($6 per unit) and Hong Kong SAR ($6 per unit), while the price for Indonesia ($6 per unit) and Thailand ($6 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Signalling Apparatus Price in Myanmar (FOB) - 2022

The average electrical signalling apparatus export price stood at $7.8 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -13.4% against the previous year. The export price peaked at $19 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($9.8 per unit), while the average price for exports to Iceland totaled $7 per unit.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.1%), while the prices for the other major destinations experienced a decline.

Electrical Signalling Apparatus Imports in Myanmar

In 2022, the amount of electrical apparatus for sound or visual signalling imported into Myanmar skyrocketed to 83K units, growing by 216% against 2021 figures. Over the period under review, imports saw a strong increase. Imports peaked at 85K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports soared to $504K in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electrical Signalling Apparatus in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	37.4	18.6	6.0	384	117.3%
China	53.5	183	81.8	45.1	-5.5%
United States	0.6	11.9	0.6	18.6	214.1%
Hong Kong SAR	N/A	N/A	N/A	18.2	0%
Japan	100	4.7	N/A	15.5	-46.3%
United Kingdom	14.6	6.5	0.4	13.3	-3.1%
South Korea	31.2	6.7	5.0	7.1	-38.9%
Vietnam	8.0	51.4	N/A	N/A	542.5%
Mexico	1.4	58.3	N/A	N/A	4064.3%
Others	12.9	99.4	18.1	1.4	-52.3%
Total	260	440	112	504	24.7%

Top Suppliers of Electrical Signalling Apparatus to Myanmar in 2022:

Thailand (63.6K units)
China (7.5K units)
United States (3.1K units)
Hong Kong SAR (3.0K units)
Japan (2.6K units)
United Kingdom (2.2K units)
South Korea (1.2K units)

Electrical Signalling Apparatus Exports in Myanmar

In 2022, overseas shipments of electrical apparatus for sound or visual signalling decreased by 0% to 58K units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 154% against the previous year. As a result, the exports reached the peak of 117K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports totaled $452K in 2022. In general, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 120%. As a result, the exports attained the peak of $904K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Electrical Signalling Apparatus in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iceland	N/A	N/A	N/A	291	0%
Canada	0.6	N/A	N/A	161	545.0%
China	355	5.8	N/A	N/A	-98.4%
United States	35.3	899	N/A	N/A	2446.7%
Others	20.9	0.1	N/A	N/A	-99.5%
Total	412	904	N/A	452	3.1%

Top Export Markets for Electrical Signalling Apparatus from Myanmar in 2022:

Iceland (41.7K units)
Canada (16.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical signalling apparatus 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 27902080 - Electrical apparatus for sound or visual signalling, n.e.c.

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