Myanmar: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Myanmar

The Myanmar's electric oven and cooker market was estimated at $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Electric oven and cooker consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Myanmar

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units, falling for the fourth consecutive year after seven years of growth. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports shrank dramatically to $X in 2022. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for electric oven and cooker exports from Myanmar, with a X% share of total exports. Moreover, electric oven and cooker exports to India exceeded the volume sent to the second major destination, Bangladesh (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%.

In value terms, India ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%.

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price recorded a precipitous setback. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Bangladesh amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Myanmar

In 2022, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imported into Myanmar soared to X units, with an increase of X% on 2021 figures. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, electric oven and cooker imports rose notably to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Myanmar, with a X% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a precipitous curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 Singapore ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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