
Myanmar - Electro-Thermic Appliances or Domestic Purposes - Market Analysis, Forecast, Size, Trends and Insights
Myanmar: Market for Electro-Thermic Appliances Or Domestic Purposes 2022
Market Size for Electro-Thermic Appliances Or Domestic Purposes in Myanmar
After four years of growth, the Myanmar's market for electro-thermic appliances or domestic purposes decreased by -88.5% to $X in 2021. Over the period under review, consumption saw a abrupt contraction. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2020, and then dropped rapidly in the following year.
Exports of Electro-Thermic Appliances Or Domestic Purposes
Exports from Myanmar
In 2021, after five years of growth, there was significant decline in overseas shipments of electro-thermic appliances or domestic purposes, when their volume decreased by -94.7% to X units. In general, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 111%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, electro-thermic appliances or domestic purposes exports fell significantly to $X in 2021. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
Vietnam (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Myanmar, accounting for a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Vietnam was relatively modest.
In value terms, Vietnam ($X) emerged as the key foreign market for electro-thermic appliances or domestic purposes exports from Myanmar.
From 2012 to 2021, the average annual growth rate of value to Vietnam was relatively modest.
Export Prices by Country
In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, waning by -91.3% against the previous year. Over the period under review, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Vietnam.
From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +15.5% per year.
Imports of Electro-Thermic Appliances Or Domestic Purposes
Imports into Myanmar
In 2021, after four years of growth, there was significant decline in supplies from abroad of electro-thermic appliances or domestic purposes, when their volume decreased by -88.5% to X units. In general, imports recorded a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 144% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020, and then fell remarkably in the following year.
In value terms, electro-thermic appliances or domestic purposes imports fell rapidly to $X in 2021. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 225%. Imports peaked at $X in 2020, and then contracted significantly in the following year.
Imports by Country
In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Myanmar, with a 83% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.1%.
In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Myanmar, comprising 78% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -11.6%.
Import Prices by Country
In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 67% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per unit), while the price for China stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-4.0%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electro-thermic appliances or domestic purposes 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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