Myanmar: Electric Water Heater Market 2025

Electric Water Heater Market Size in Myanmar

In 2022, the Myanmar's electric water heater market decreased by 0% to less than $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Water Heater Production in Myanmar

In value terms, electric water heater production contracted slightly to $X in 2022 estimated in export price. In general, production posted perceptible growth. The pace of growth appeared the most rapid in 2015 with an increase of 54%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electric Water Heater Exports

Exports from Myanmar

In 2019, approx. X units of electric water heaters and immersion heaters were exported from Myanmar; falling by -99.7% on 2018 figures. In general, exports showed a sharp contraction. The smallest decline of -99.4% was in 2018. The exports peaked at X units in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

In value terms, electric water heater exports declined remarkably to $X in 2019. Over the period under review, exports showed a dramatic contraction. The smallest decline of -59.6% was in 2018. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2019, the exports remained at a lower figure.

Exports by Country

Thailand (X units) and Singapore (X units) were the main destinations of electric water heater exports from Myanmar.

From 2017 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of -62.2%).

In value terms, Singapore ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Myanmar, comprising 93% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.5% share of total exports.

From 2017 to 2019, the average annual rate of growth in terms of value to Singapore stood at -88.9%.

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2019, declining by -68.2% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 6,199%. As a result, the export price reached the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Thailand totaled $X per unit.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+75.7%).

Electric Water Heater Imports

Imports into Myanmar

In 2022, supplies from abroad of electric water heaters and immersion heaters was finally on the rise to reach X units after three years of decline. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 183%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, electric water heater imports soared to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, imports reached the maximum 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 electric water heater supplier to Myanmar, with a 67% share of total imports. Moreover, electric water heater imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+56.9% per year) and Malaysia (+16.6% per year).

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to Myanmar, comprising 60% of total imports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total imports. It was followed by Malaysia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+46.7% per year) and Malaysia (+15.5% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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