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Myanmar - Domestic, Non-Electric, Cooking or Heating Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2022

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Myanmar

In 2021, the Myanmar's market for domestic, non-electric, cooking or heating appliances decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Consumption of peaked at $X in 2020, and then reduced in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Myanmar

In 2021, shipments abroad of domestic, non-electric, cooking or heating appliances decreased by X% to X kg for the first time since 2017, thus ending a three-year rising trend. Overall, exports showed a sharp setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, exports of domestic, non-electric, cooking or heating appliances contracted markedly to $X in 2021. In general, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Singapore (X kg) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Myanmar, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +X%.

In value terms, Singapore ($X) also remains the key foreign market for domestic, non-electric, cooking or heating appliance exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled -X%.

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to -X% per year.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Myanmar

In 2021, imports of domestic, non-electric, cooking or heating appliances into Myanmar contracted notably to X tons, waning by -X% on the previous year's figure. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then reduced markedly in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances fell to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of domestic, non-electric, cooking or heating appliance to Myanmar, accounting for a X% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Thailand (+X% per year).

In value terms, China ($X), Vietnam ($X) and Thailand ($X) were the largest domestic, non-electric, cooking or heating appliance suppliers to Myanmar, with a combined X% share of total imports. India and Indonesia lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Indonesia ($X per ton) and Vietnam ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for domestic, non-electric, cooking or heating appliances in the world?

The countries with the highest volumes of consumption in 2021 were the United States, India and China, with a combined 43% share of global consumption. These countries were followed by Egypt, Japan, Russia, Canada, Indonesia, Brazil, Pakistan, Mexico, the UK and Germany, which together accounted for a further 31%.

What are the largest producers of domestic, non-electric, cooking or heating appliances in the world?

The country with the largest volume of production of domestic, non-electric, cooking or heating appliances was China, accounting for 40% of total volume. Moreover, production of domestic, non-electric, cooking or heating appliances in China exceeded the figures recorded by the second-largest producer, India, threefold. Egypt ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of domestic, non-electric, cooking or heating appliances to Myanmar?

In value terms, China, Vietnam and Thailand appeared to be the largest domestic, non-electric, cooking or heating appliance suppliers to Myanmar, with a combined 78% share of total imports. These countries were followed by India and Indonesia, which together accounted for a further 17%.

What are the leading importers of domestic, non-electric, cooking or heating appliances from Myanmar?

In value terms, Singapore $25) remains the key foreign market for domestic, non-electric, cooking or heating appliance exports from Myanmar.

What is the average export price for domestic, non-electric, cooking or heating appliances in Myanmar?

The average export price for domestic, non-electric, cooking or heating appliances stood at $5,000 per ton in 2021, with a decrease of -20.5% against the previous year.

What is the average import price for domestic, non-electric, cooking or heating appliances in Myanmar?

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $5,975 per ton, increasing by 13% against the previous year.

This report provides an in-depth analysis of the market for domestic, non-electric, cooking or heating appliance 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 27521113 - Iron or steel gas domestic cooking appliances and plate warmers, with an oven (including those with subsidiary boilers for central heating, separate ovens for both gas and other fuels)

• Prodcom 27521115 - Iron or steel gas domestic cooking appliances and plate warmers (including those with subsidiary boilers for central heating, for both gas and other fuels, excluding those with ovens)

• Prodcom 27521190 - Other domestic cooking appliances and plate warmers, of iron or steel or of copper, non-electric

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance