Report Update Nov 1, 2024

Myanmar - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Myanmar: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Myanmar

The Myanmar's refrigerator compressor market surged to $X in 2022, jumping by 18% against the previous year. In general, consumption showed perceptible growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Refrigerator Compressor Production in Myanmar

In value terms, refrigerator compressor production skyrocketed to $X in 2022 estimated in export price. In general, production posted moderate growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 126%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Refrigerator Compressor Exports

Exports from Myanmar

In 2022, the amount of compressors for refrigeration equipment exported from Myanmar soared to X units, growing by 1,089% on 2021 figures. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator compressor exports surged to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,575%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X units), Thailand (X units) and Malaysia (X units) were the main destinations of refrigerator compressor exports from Myanmar, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +237.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and Malaysia ($X) constituted the largest markets for refrigerator compressor exported from Myanmar worldwide.

Japan, with a CAGR of +645.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, shrinking by -7.6% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 278%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+120.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Myanmar

In 2022, after two years of decline, there was significant growth in supplies from abroad of compressors for refrigeration equipment, when their volume increased by 6% to X units. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 66%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, refrigerator compressor imports soared to $X in 2022. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 68%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator compressor to Myanmar, accounting for a 70% share of total imports. Moreover, refrigerator compressor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-19.7% per year) and Taiwan (Chinese) (+1.1% per year).

In value terms, the largest refrigerator compressor suppliers to Myanmar were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together comprising 90% of total imports.

Taiwan (Chinese), with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average refrigerator compressor import price stood at $X per unit in 2022, rising by 9.5% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for compressors for refrigeration equipment in the world?

China constituted the country with the largest volume of refrigerator compressor consumption, comprising approx. 29% of total volume. Moreover, refrigerator compressor consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of compressors for refrigeration equipment in the world?

The country with the largest volume of refrigerator compressor production was China, comprising approx. 50% of total volume. Moreover, refrigerator compressor production in China exceeded the figures recorded by the second-largest producer, India, eightfold. Japan ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of compressors for refrigeration equipment to Myanmar?

In value terms, China, Japan and Thailand appeared to be the largest refrigerator compressor suppliers to Myanmar, together accounting for 85% of total imports.

What are the leading importers of compressors for refrigeration equipment from Myanmar?

In value terms, Singapore emerged as the key foreign market for refrigerator compressor exports from Myanmar, comprising 74% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 25% share of total exports.

What is the average export price for compressors for refrigeration equipment in Myanmar?

In 2021, the average refrigerator compressor export price amounted to $98 per unit, dropping by -44.1% against the previous year.

What is the average import price for compressors for refrigeration equipment in Myanmar?

In 2021, the average refrigerator compressor import price amounted to $69 per unit, falling by -4.2% against the previous year.

This report provides an in-depth analysis of the refrigerator compressor 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 28132300 - Compressors for refrigeration equipment

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