Myanmar: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Myanmar

In 2021, the Myanmar's electric heating resistor market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Electric heating resistor consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electric Heating Resistor Production in Myanmar

In value terms, electric heating resistor production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Electric Heating Resistor Exports

Exports from Myanmar

Electric heating resistor exports from Myanmar soared to X units in 2021, increasing by 85% against 2020 figures. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 600% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,987%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Japan (X units) was the main destination for electric heating resistor exports from Myanmar, accounting for a 79% share of total exports. Moreover, electric heating resistor exports to Japan exceeded the volume sent to the second major destination, Vietnam (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan was relatively modest.

In value terms, Japan ($X) emerged as the key foreign market for electric heating resistors exports from Myanmar, comprising 80% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest.

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, which is down by -26% against the previous year. In general, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 1,635% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Vietnam stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+4,439.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Resistor Imports

Imports into Myanmar

In 2021, after two years of growth, there was significant decline in supplies from abroad of electric heating resistors, when their volume decreased by -15.5% to X units. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 209%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, electric heating resistor imports shrank notably to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 221%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric heating resistor to Myanmar, accounting for a 73% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Australia (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.7% per year) and Australia (+11.8% per year).

In value terms, China ($X) constituted the largest supplier of electric heating resistors to Myanmar, comprising 66% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by Australia, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+17.0% per year) and Australia (+18.2% per year).

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, dropping by -4.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Australia ($X per unit) and Singapore ($X per unit), while the price for China ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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