Myanmar: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Myanmar

The Myanmar's market for electric generating sets and rotary converters skyrocketed to $X in 2020, rising by X% 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). Over the period under review, consumption, however, posted a perceptible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Electric Generating Sets And Rotary Converters

Exports from Myanmar

In 2020, approx. X units of electric generating sets and rotary converters were exported from Myanmar; falling by -X% compared with 2019 figures. Overall, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, exports of electric generating sets and rotary converters contracted markedly to $X in 2020. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Thailand (X units) was the main destination for exports of electric generating sets and rotary converters from Myanmar, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Thailand exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was occupied by the UK (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and the UK (-X% per year).

In value terms, the UK ($X) remains the key foreign market for electric generating set and rotary converter exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Singapore (+X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. As a result, export price reached the peak level of $X per unit. from 2013 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Myanmar

Imports of electric generating sets and rotary converters into Myanmar soared to X units in 2020, increasing by X% against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters surged to $X in 2020. In general, imports, however, showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X units) constituted the largest electric generating set and rotary converter supplier to Myanmar, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, China ($X) constituted the largest supplier of electric generating set and rotary converter to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, rising by X% against the previous year. Overall, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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