Price for Electric Motors; AC Motors, Single-Phase in Myanmar - 2022
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Myanmar (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Myanmar (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Myanmar
- Exports of Electric Motors; AC Motors, Single-Phase in Myanmar
Price for Electric Motors; AC Motors, Single-Phase in Myanmar (CIF) - 2022
In December 2022, the average import price for electric motors; AC motors, single-phases amounted to $70.4 per unit, jumping by 76% against the previous month. Overall, the import price showed resilient growth. The growth pace was the most rapid in May 2022 an increase of 285% m-o-m. Over the period under review, average import prices attained the peak figure in December 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +10.0% per month.
Price for Electric Motors; AC Motors, Single-Phase in Myanmar (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $588 per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 an increase of 93% against the previous year. As a result, the export price reached the peak level of $793 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +101.6% per year.
Imports of Electric Motors; AC Motors, Single-Phase in Myanmar
In 2022, supplies from abroad of electric motors; AC motors, single-phases decreased by -33.9% to 171K units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 171% against the previous year. As a result, imports attained the peak of 325K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase imports amounted to $4.4M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, imports reached the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Electric Motors; AC Motors, Single-Phase in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 4.4 | 4.0 | 4.4 | 13.6% |
| Others | 0.2 | 0.4 | 0.3 | N/A | 22.5% |
| Total | 3.2 | 4.9 | 4.3 | 4.4 | 11.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Myanmar in 2022:
- China (171.0K units)
Exports of Electric Motors; AC Motors, Single-Phase in Myanmar
After two years of decline, shipments abroad of electric motors; AC motors, single-phases decreased by -50% to 85 units in 2022. Overall, exports saw a sharp decrease. The exports peaked at 533 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electric motors; AC motors, single-phase exports dropped markedly to $50K in 2022. Over the period under review, exports recorded a significant curtailment. The exports peaked at $423K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.2 | N/A | 1.6 | 50.0 | 183.3% |
| Thailand | N/A | N/A | 98.4 | N/A | 0% |
| United Arab Emirates | 421 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 423 | N/A | 100 | 50.0 | -50.9% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Myanmar in 2022:
- India (85.0 units)
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