Myanmar: Market for Vacuum Cleaners Without Motor 2024

Market Size for Vacuum Cleaners Without Motor in Myanmar

For the eighth year in a row, the Myanmar's vacuum cleaner without motor market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption faced a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Vacuum Cleaners Without Motor in Myanmar

In value terms, vacuum cleaner without motor production shrank significantly to $X in 2022 estimated in export price. In general, production faced a dramatic decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Vacuum Cleaners Without Motor

Exports from Myanmar

Vacuum cleaner without motor exports from Myanmar soared to X units in 2022, jumping by X% on the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum cleaner without motor exports amounted to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and China (X units) were the main destinations of vacuum cleaner without motor exports from Myanmar.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%).

In value terms, China ($X) emerged as the key foreign market for vacuum cleaners without motor exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

The average vacuum cleaner without motor export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Vietnam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners Without Motor

Imports into Myanmar

In 2022, vacuum cleaner without motor imports into Myanmar soared to X units, with an increase of X% compared with 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum cleaner without motor imports dropped to $X in 2022. Overall, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum cleaner without motor to Myanmar, with a X% share of total imports. Moreover, vacuum cleaner without motor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. Malaysia (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of vacuum cleaners without motor to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

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

Import Prices by Country

In 2022, the average vacuum cleaner without motor import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Thailand ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :