Myanmar - Static Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStatic Converter Price in Myanmar - 2022
Contents:
- Static Converter Price in Myanmar (CIF) - 2022
- Static Converter Price in Myanmar (FOB) - 2022
- Static Converter Imports in Myanmar
- Static Converter Exports in Myanmar
Static Converter Price in Myanmar (CIF) - 2022
In 2022, the average static converter import price amounted to $12 per unit, declining by -7.8% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51%. The import price peaked at $101 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -21.3% per year.
Static Converter Price in Myanmar (FOB) - 2022
In 2022, the average static converter export price amounted to $188 per unit, with an increase of 234% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 441%. Over the period under review, the average export prices attained the maximum at $890 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($530 per unit), while the average price for exports to Hong Kong SAR ($62 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 (+17.5%), while the prices for the other major destinations experienced a decline.
Static Converter Imports in Myanmar
In 2022, approx. 1.9M units of static converters were imported into Myanmar; jumping by 20% against the previous year's figure. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, static converter imports expanded notably to $23M in 2022. Overall, imports, however, showed a sharp decrease. Imports peaked at $46M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Static Converter in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.5 | 18.1 | 16.1 | 17.4 | 6.3% |
| Thailand | 14.9 | 0.7 | 0.5 | 1.2 | -56.8% |
| Others | 16.2 | 7.3 | 4.0 | 4.2 | -36.2% |
| Total | 45.6 | 26.0 | 20.6 | 22.7 | -20.7% |
Top Suppliers of Static Converter to Myanmar in 2022:
- China (1892.1K units)
- Thailand (18.3K units)
Static Converter Exports in Myanmar
In 2022, the amount of static converters exported from Myanmar fell rapidly to 143 units, shrinking by -97.8% compared with the year before. Overall, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 2,548%. Over the period under review, the exports reached the maximum at 8.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, static converter exports fell rapidly to $27K in 2022. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 387% against the previous year. Over the period under review, the exports hit record highs at $870K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Static Converter in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | 4.4 | 14.3 | 225.0% |
| Singapore | 16.1 | 17.1 | 10.1 | 10.6 | -13.0% |
| United States | N/A | 1.7 | 86.4 | 0.7 | -35.8% |
| Hong Kong SAR | N/A | 32.9 | 0.3 | 0.6 | -86.5% |
| Nigeria | 192 | N/A | N/A | N/A | 0% |
| Thailand | 429 | N/A | 209 | N/A | -30.2% |
| Lebanon | 199 | N/A | N/A | N/A | 0% |
| Others | 33.6 | 22.0 | 49.1 | 0.7 | -72.5% |
| Total | 870 | 73.8 | 359 | 26.9 | -68.6% |
Top Export Markets for Static Converter from Myanmar in 2022:
- Philippines (77.0 units)
- Singapore (20.0 units)
- Hong Kong SAR (10.0 units)
- United States (5.0 units)
This report provides an in-depth analysis of the static converter market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27115023 -
- Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
- Prodcom 27115033 - Accumulator chargers
- Prodcom 27115035 -
- Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
- Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
- Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
- Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
- Prodcom 27904130 -
- Prodcom 27904140 -
- Prodcom 27904153 -
- Prodcom 27904155 -
- Prodcom 27904170 -
- Prodcom 27904190 -
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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