Myanmar: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2025

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Myanmar

The Myanmar's market for domestic, non-electric, cooking or heating appliances rose rapidly to $X in 2021, growing by 6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Myanmar

In 2021, overseas shipments of domestic, non-electric, cooking or heating appliances increased by 64% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 2,071% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, exports of domestic, non-electric, cooking or heating appliances soared to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,027%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Myanmar, accounting for a 88% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to South Korea exceeded the volume sent to the second major destination, Thailand (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+14.6% per year) and Singapore (+53.7% per year).

In value terms, South Korea ($X) emerged as the key foreign market for domestic, non-electric, cooking or heating appliances exports from Myanmar, comprising 81% of total exports. The second position in the ranking was held by Thailand ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+20.2% per year) and Singapore (+35.1% per year).

Export Prices by Country

In 2021, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, shrinking by -10.3% against the previous year. Over the period under review, the export price, however, saw a mild increase. The growth pace was the most rapid in 2014 an increase of 98% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.9%), while the prices for the other major destinations experienced a decline.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Myanmar

In 2021, approx. X tons of domestic, non-electric, cooking or heating appliances were imported into Myanmar; increasing by 11% on 2020 figures. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 45%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of domestic, non-electric, cooking or heating appliances rose markedly to $X in 2021. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 56%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest domestic, non-electric, cooking or heating appliance supplier to Myanmar, accounting for a 47% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.2% per year) and Thailand (+17.9% per year).

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to Myanmar were China ($X), Vietnam ($X) and Thailand ($X), together comprising 83% of total imports.

China, with a CAGR of +21.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, declining by -4.7% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Indonesia ($X per ton) and Vietnam ($X per ton), while the price for China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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