Price for Shavers; with Self-Contained Electric Motor in Myanmar - 2022

Contents:

1. Price for Shavers; with Self-Contained Electric Motor in Myanmar (CIF) - 2022
2. Price for Shavers; with Self-Contained Electric Motor in Myanmar (FOB) - 2022
3. Imports of Shavers; with Self-Contained Electric Motor in Myanmar
4. Exports of Shavers; with Self-Contained Electric Motor in Myanmar

Price for Shavers; with Self-Contained Electric Motor in Myanmar (CIF) - 2022

In 2022, the average import price for shavers; with self-contained electric motors amounted to $1.9 per unit, which is down by -14.7% against the previous year. In general, the import price continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2018 an increase of 238% against the previous year. Over the period under review, average import prices attained the peak figure at $29 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7.3 per unit), while the price for Thailand stood at $2.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.6%), while the prices for the other major suppliers experienced a decline.

Price for Shavers; with Self-Contained Electric Motor in Myanmar (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $32 per unit in 2022, standing approx. at the previous year. Overall, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2020 an increase of 10%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($39 per unit), while the average price for exports to South Korea ($1 per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shavers; with Self-Contained Electric Motor in Myanmar

In 2022, the amount of shavers; with self-contained electric motors imported into Myanmar surged to 24K units, growing by 17% compared with 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, shavers; with self-contained electric motor imports totaled $47K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $89K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Shavers; with Self-Contained Electric Motor to Myanmar in 2022:

1. Thailand (8.3K units)
2. China (3.4K units)

Exports of Shavers; with Self-Contained Electric Motor in Myanmar

For the third consecutive year, Myanmar recorded decline in overseas shipments of shavers; with self-contained electric motors, which decreased by 0% to 14 units in 2022. Over the period under review, exports showed a precipitous decline. The smallest decline of -80.3% was in 2020. The exports peaked at 142 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shavers; with self-contained electric motor exports totaled $450 in 2022. Overall, exports saw a precipitous decrease. The smallest decline of -78.3% was in 2020. Over the period under review, the exports attained the maximum at $4.2K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Shavers; with Self-Contained Electric Motor from Myanmar in 2022:

1. Germany (10.0 units)
2. Poland (3.0 units)
3. Czech Republic (1.0 units)
4. Finland (1.0 units)
5. Slovakia (1.0 units)
6. Ireland (1.0 units)
7. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform