Myanmar: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Myanmar

The Myanmar's market for instruments for measuring electrical quantities declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a drastic downturn. Instruments for measuring electrical quantities consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Instruments for Measuring Electrical Quantities in Myanmar

In value terms, instruments for measuring electrical quantities production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Instruments for measuring electrical quantities production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Myanmar

In 2022, shipments abroad of instruments for measuring electrical quantities was finally on the rise to reach X units after three years of decline. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for instruments for measuring electrical quantities exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR was relatively modest.

Export Prices by Country

In 2022, the average export price for instruments for measuring electrical quantities amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Instruments for Measuring Electrical Quantities

Imports into Myanmar

In 2022, instruments for measuring electrical quantities imports into Myanmar soared to X units, picking up by X% compared with the previous year. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Myanmar, accounting for a X% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Myanmar, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

In 2022, the average import price for instruments for measuring electrical quantities amounted to $X per unit, falling by X% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

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 Thailand ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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