Price for Non-Furniture Refrigerating or Freezing Equipment in Myanmar - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Myanmar (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Myanmar (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Myanmar
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Myanmar
Price for Non-Furniture Refrigerating or Freezing Equipment in Myanmar (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $196 per unit, waning by -19% against the previous year. Over the period under review, the import price saw a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 265% against the previous year. Over the period under review, average import prices reached the peak figure at $242 per unit in 2021, and then declined significantly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($258 per unit) and Taiwan (Chinese) ($240 per unit), while the price for China ($173 per unit) and Thailand ($199 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Myanmar (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $254 per unit in 2022, shrinking by -6.4% against the previous year. Over the period under review, the export price, however, saw a temperate increase. The pace of growth appeared the most rapid in 2021 an increase of 1.9%. As a result, the export price reached the peak level of $272 per unit, and then reduced in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($244 per unit), while the average price for exports to Singapore ($244 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 (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Myanmar
In 2022, purchases abroad of non-furniture refrigerating or freezing equipment decreased by -16.2% to 16K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 79% against the previous year. As a result, imports attained the peak of 44K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment imports shrank rapidly to $3.1M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 94%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,042 | 7,175 | 1,715 | 1,945 | -13.9% |
| Thailand | 484 | 873 | 1,028 | 573 | 5.8% |
| Italy | 341 | 403 | 235 | 322 | -1.9% |
| Taiwan (Chinese) | 17.3 | 187 | 223 | 143 | 102.2% |
| Japan | 22.0 | 29.5 | 27.7 | 67.4 | 45.2% |
| Malaysia | 136 | 260 | 89.5 | N/A | -18.9% |
| Others | 1,164 | 1,178 | 1,289 | 76.0 | -59.7% |
| Total | 5,206 | 10,107 | 4,607 | 3,125 | -15.6% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Myanmar in 2022:
- China (11.2K units)
- Thailand (2.9K units)
- Italy (1.5K units)
- Taiwan (Chinese) (0.6K units)
- Japan (0.3K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Myanmar
In 2022, after two years of growth, there was significant decline in shipments abroad of non-furniture refrigerating or freezing equipment, when their volume decreased by -45.9% to 66 units. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 221% against the previous year. As a result, the exports attained the peak of 122 units, and then declined markedly in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports shrank remarkably to $17K in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 229%. As a result, the exports reached the peak of $33K, and then contracted significantly in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | 4.5 | 9.6 | 9.0 | 41.4% | |
| Cambodia | N/A | N/A | 4.4 | 0% | |
| China | 3.8 | 3.5 | 3.3 | -6.8% | |
| Vietnam | N/A | 3.1 | N/A | 0% | |
| Malaysia | N/A | 16.0 | N/A | 0% | |
| Others | 1.7 | 0.8 | N/A | -52.9% | |
| Total | 10.0 | 33.1 | 16.7 | 29.2% | |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Myanmar in 2022:
- Singapore (37.0 units)
- Cambodia (18.0 units)
- China (14.0 units)
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