Price for Electrical Insulators of Any Material in Myanmar - 2022

Contents:

1. Price for Electrical Insulators of Any Material in Myanmar (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Myanmar (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Myanmar
4. Exports of Electrical Insulators of Any Material in Myanmar

Price for Electrical Insulators of Any Material in Myanmar (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $1.3 per unit, waning by -8.5% against the previous year. In general, the import price showed a slight downturn. The growth pace was the most rapid in 2020 an increase of 78% against the previous year. As a result, import price reached the peak level of $3 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8.6 per unit), while the price for China ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Myanmar (FOB) - 2022

The average export price for electrical insulators of any materials stood at $10 per unit in 2022, surging by 176% against the previous year. In general, the export price posted a mild expansion. The pace of growth was the most pronounced in 2018 an increase of 179%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Madagascar.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -0.8% per year.

Imports of Electrical Insulators of Any Material in Myanmar

In 2022, after three years of growth, there was significant decline in supplies from abroad of electrical insulators of any materials, when their volume decreased by -67.8% to 4.1M units. Over the period under review, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 13M units, and then dropped sharply in the following year.

In value terms, electrical insulators of any material imports dropped notably to $5.4M in 2022. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports reached the peak of $27M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Electrical Insulators of Any Material to Myanmar in 2022:

1. China (3.8M units)
2. Japan (0.1M units)
3. Thailand (0.1M units)

Exports of Electrical Insulators of Any Material in Myanmar

In 2022, overseas shipments of electrical insulators of any materials decreased by 99.9% to 1 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 8,937% against the previous year. As a result, the exports attained the peak of 2.4K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulators of any material exports declined remarkably to $7 in 2022. Overall, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 11,400% against the previous year. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Electrical Insulators of Any Material from Myanmar in 2022:

1. Madagascar (1.0 units)

Source: IndexBox Market Intelligence Platform