Myanmar: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Myanmar

The Myanmar's market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, rising by 49% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Myanmar

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Myanmar

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Myanmar contracted dramatically to X units, declining by -16.4% on the previous year's figure. In general, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 174%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined significantly to $X in 2022. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,418% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Myanmar, accounting for a 74% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The third position in this ranking was held by India (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-13.5% per year) and India (+32.0% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Myanmar were Hong Kong SAR ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 89% of total exports. These countries were followed by India, which accounted for a further 3%.

India, with a CAGR of +38.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, approximately mirroring the previous year. In general, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of 4,049% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+31.8%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Myanmar

In 2022, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kva to X kva into Myanmar skyrocketed to X units, jumping by 441% against the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 6,153% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 1,045% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Myanmar, accounting for a 100% share of total imports. It was followed by Thailand (X units), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +68.3%.

In value terms, China ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Myanmar, comprising 94% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +86.9%.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, remaining constant against the previous year. Overall, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of 23,886%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+129.9%).

Source: IndexBox Platform

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