Myanmar: Manostat Market 2022

Manostat Market Size in Myanmar

In 2021, the Myanmar's manostat market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Manostat Exports

Exports from Myanmar

After three years of decline, shipments abroad of manostats decreased by X% to less than X units in 2021. In general, exports faced a precipitous slump. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, manostat exports totaled less than $X in 2021. Overall, exports continue to indicate a dramatic decline. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for manostat exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Thailand stood at -X%.

In value terms, Thailand ($X) also remains the key foreign market for manostat exports from Myanmar.

From 2012 to 2018, the average annual rate of growth in terms of value to Thailand stood at -X%.

Export Prices by Country

In 2018, the average manostat export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Manostat Imports

Imports into Myanmar

In 2021, overseas purchases of manostats decreased by -X% to X units, falling for the eighth year in a row after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth imports failed to regain momentum.

In value terms, manostat imports surged to $X in 2021. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X units) constituted the largest manostat supplier to Myanmar, accounting for a X% share of total imports. Moreover, manostat imports from Vietnam exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was occupied by Italy (X units), with a X% share.

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

In value terms, Vietnam ($X) constituted the largest supplier of manostat to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2021, the average manostat import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price continues to indicate a tangible expansion. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform