Report Update Apr 1, 2024

Myanmar - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Myanmar

In 2022, the Myanmar's metal gas appliances market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable slump. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Gas Appliances Exports

Exports from Myanmar

In 2018, exports of iron or steel gas domestic appliances from Myanmar soared to X units, jumping by 612% against the year before. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal gas appliances exports surged to $X in 2018. Overall, total exports indicated significant growth from 2017 to 2018: its value increased at an average annual rate of +56.4% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) was the main destination for metal gas appliances exports from Myanmar, with a 97% share of total exports. It was followed by China (X units), with a 3% share of total exports.

From 2017 to 2018, the average annual rate of growth in terms of volume to Singapore amounted to +591.2%.

In value terms, Singapore ($X) remains the key foreign market for iron or steel gas domestic appliances exports from Myanmar, comprising 97% of total exports. The second position in the ranking was taken by China ($X), with a 3.1% share of total exports.

From 2017 to 2018, the average annual growth rate of value to Singapore stood at +51.6%.

Export Prices by Country

In 2018, the average metal gas appliances export price amounted to $X per unit, falling by -78% against the previous year. Overall, the export price saw a dramatic slump. Over the period under review, the average export prices hit record highs at $X per unit in 2017, and then dropped notably in the following year.

Average prices varied noticeably for the major external markets. In 2018, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Singapore stood at $X per unit.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-78.1%).

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Metal Gas Appliances Imports

Imports into Myanmar

In 2022, overseas purchases of iron or steel gas domestic appliances were finally on the rise to reach X units after two years of decline. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 369%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal gas appliances imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 431%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest metal gas appliances supplier to Myanmar, accounting for a 70% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.8% per year) and Vietnam (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Myanmar, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.2% per year) and Vietnam (-6.2% per year).

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, reducing by -16.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average 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 Vietnam ($X per unit), while the price for South Korea ($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 (+36.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel gas domestic appliances in the world?

The countries with the highest volumes of consumption in 2022 were the United States, China and India, together comprising 37% of global consumption. Japan, Germany, Brazil, Mexico, Thailand, Bangladesh, the UK, Canada, France and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of iron or steel gas domestic appliances in the world?

China remains the largest metal gas appliances producing country worldwide, accounting for 33% of total volume. Moreover, metal gas appliances production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of iron or steel gas domestic appliances to Myanmar?

In value terms, China constituted the largest supplier of iron or steel gas domestic appliances to Myanmar, comprising 64% of total imports. The second position in the ranking was held by South Korea, with a 14% share of total imports. It was followed by Vietnam, with a 12% share.

What are the leading importers of iron or steel gas domestic appliances from Myanmar?

In value terms, Singapore remains the key foreign market for iron or steel gas domestic appliances exports from Myanmar, comprising 97% of total exports. The second position in the ranking was held by China $168), with a 3.1% share of total exports.

What is the average export price for iron or steel gas domestic appliances in Myanmar?

The average metal gas appliances export price stood at $6.7 per unit in 2018, declining by -78% against the previous year.

What is the average import price for iron or steel gas domestic appliances in Myanmar?

In 2022, the average metal gas appliances import price amounted to $5.5 per unit, waning by -16.1% against the previous year.

This report provides an in-depth analysis of the metal gas appliances 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 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023