Myanmar: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Myanmar

In 2022, the Myanmar's market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 532% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw significant growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Myanmar

In 2022, after two years of growth, there was significant decline in shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when their volume decreased by -36.8% to X units. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 599% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Singapore (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Myanmar, with a 92% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Singapore exceeded the volume sent to the second major destination, Thailand (X units), more than tenfold.

From 2018 to 2022, the average annual growth rate of volume to Singapore amounted to +82.1%.

In value terms, Singapore ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from Myanmar, comprising 98% of total exports. The second position in the ranking was held by Thailand ($X), with a 1.7% share of total exports.

From 2018 to 2022, the average annual growth rate of value to Singapore totaled +58.3%.

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, declining by -9.5% against the previous year. Overall, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 378% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced in the following year.

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

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+103.7%).

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Myanmar

In 2022, after two years of decline, there was significant growth in overseas purchases of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when their volume increased by 618% to X units. In general, imports continue to indicate a significant expansion. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Myanmar, accounting for a 81% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. India (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +65.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+64.1% per year) and India (+23.1% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Myanmar, comprising 92% of total imports. The second position in the ranking was taken by India ($X), with a 3.1% share of total imports. It was followed by Japan, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.3% per year) and Japan (+29.7% per year).

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, declining by -23.7% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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