Myanmar: Pump For Liquid Market 2022

Pump For Liquid Market Size in Myanmar

In 2021, the Myanmar's pump for liquid market increased by X% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, recorded a mild slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pump For Liquid Exports

Exports from Myanmar

After four years of decline, shipments abroad of pumps for liquids and liquid elevators increased by X% to X units in 2021. Overall, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pump for liquid exports amounted to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Thailand (X units) and the Netherlands (X units) were the main destinations of pump for liquid exports from Myanmar.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for pump for liquid exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Thailand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average pump for liquid export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2020, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Myanmar

In 2021, supplies from abroad of pumps for liquids and liquid elevators increased by X% to X units, rising for the third consecutive year after four years of decline. Over the period under review, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pump for liquid imports reduced slightly to $X in 2021. In general, imports recorded slight growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest pump for liquid supplier to Myanmar, accounting for a X% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of pump for liquid to Myanmar, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

In 2020, the average pump for liquid import price amounted to $X per unit, falling by -X% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2019, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per unit), while the price for South Korea totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform