Myanmar: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Myanmar

The Myanmar's domestic electro-thermic appliances market contracted remarkably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Domestic Electro-Thermic Appliances Production in Myanmar

In value terms, domestic electro-thermic appliances production reached $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Domestic Electro-Thermic Appliances Exports

Exports from Myanmar

In 2022, exports of domestic electro-thermic appliances from Myanmar skyrocketed to X units, jumping by X% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, domestic electro-thermic appliances exports dropped rapidly to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for domestic electro-thermic appliances exports from Myanmar, with a X% share of total exports. Moreover, domestic electro-thermic appliances exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for domestic electro-thermic appliances exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average domestic electro-thermic appliances export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a sharp curtailment. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Germany ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Domestic Electro-Thermic Appliances Imports

Imports into Myanmar

In 2022, supplies from abroad of domestic electro-thermic appliances was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, domestic electro-thermic appliances imports expanded markedly to $X in 2022. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to Myanmar, with a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

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

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform