Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar (CIF) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $1,314 per unit in 2022, shrinking by -57.3% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by 57% against the previous year. The import price peaked at $3,082 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,314 per unit), while the price for India amounted to $1,292 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-2.0%), while the prices for the other major suppliers experienced a decline.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar
In 2022, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Myanmar contracted significantly to 91 units, shrinking by -54.3% compared with 2021. Overall, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports of attained the peak figure at 923 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs declined markedly to $120K in 2022. Over the period under review, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 127% against the previous year. Imports peaked at $2.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,687 | 101 | 50.1 | 118 | -58.8% |
| India | 88.0 | 0.8 | 0.7 | 1.3 | -75.5% |
| Thailand | 36.9 | 24.7 | 0.2 | N/A | -92.6% |
| Japan | 51.6 | 22.5 | 12.5 | N/A | -50.8% |
| Finland | 67.8 | 3.8 | 211 | N/A | 76.4% |
| Singapore | 53.2 | 14.4 | 7.7 | N/A | -62.0% |
| Germany | 37.3 | 14.6 | 255 | N/A | 161.5% |
| Others | 184 | 88.4 | 76.0 | N/A | -35.7% |
| Total | 2,207 | 271 | 613 | 120 | -62.1% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Myanmar in 2022:
- China (90.0 units)
- India (1.0 units)
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