Myanmar: Electrical Fuse Market 2025

Electrical Fuse Market Size in Myanmar

The Myanmar's electrical fuse market dropped significantly to $X in 2021, which is down by -20.6% against the previous year. In general, consumption showed a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Electrical Fuse Production in Myanmar

In value terms, electrical fuse production fell rapidly to $X in 2021 estimated in export price. Overall, production showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Electrical Fuse Exports

Exports from Myanmar

In 2021, overseas shipments of electrical fuses decreased by -41% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 837%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical fuse exports shrank remarkably to $X in 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 982%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X kg) and Hong Kong SAR (X kg) were the main destinations of electrical fuse exports from Myanmar.

From 2014 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +42.4%).

In value terms, the largest markets for electrical fuse exported from Myanmar were Hong Kong SAR ($X) and Japan ($X).

Among the main countries of destination, Hong Kong SAR, with a CAGR of +47.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.5%).

Electrical Fuse Imports

Imports into Myanmar

Electrical fuse imports into Myanmar contracted remarkably to X tons in 2021, waning by -64.6% against the previous year's figure. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2013 with an increase of 8,792%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, electrical fuse imports shrank markedly to $X in 2021. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 6,228% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main suppliers of electrical fuse imports to Myanmar, together comprising 87% of total imports. These countries were followed by Japan, Vietnam, South Korea, Singapore and the United States, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +104.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse suppliers to Myanmar were Japan ($X), China ($X) and Thailand ($X), together comprising 66% of total imports.

Among the main suppliers, Japan, with a CAGR of +90.1%, saw the highest rates of growth with regard to the value of imports, 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 electrical fuse import price amounted to $X per ton, which is down by -1.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 108%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+45.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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