Myanmar: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Myanmar

The Myanmar's market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA rose rapidly to $X in 2022, picking up by 13% against the previous year. Overall, consumption, however, continues to indicate a abrupt setback. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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 rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 24% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Myanmar

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Myanmar shrank sharply to X units, which is down by -98.3% on the year before. In general, exports saw a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 43%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA declined notably to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 649% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

The United States (X units), Thailand (X units) and France (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Myanmar.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), the United States ($X) and France ($X) constituted the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Myanmar worldwide, together comprising 82% of total exports.

Thailand, with a CAGR of +7.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, with an increase of 352% against the previous year. Overall, the export price showed significant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 3,554%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the average price for exports to Thailand ($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 Singapore (+56.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Myanmar

In 2022, supplies from abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -87.4% to X units, falling for the second year in a row after two years of growth. Overall, imports recorded a precipitous decline. The growth pace was the most rapid in 2019 with an increase of 252% against the previous year. Over the period under review, imports of attained the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2014 when imports increased by 192% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Myanmar, with a 71% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Vietnam exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. The third position in this ranking was taken by China (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-28.9% per year) and China (-32.4% per year).

In value terms, Turkey ($X), China ($X) and Denmark ($X) were the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Myanmar, with a combined 80% share of total imports. Thailand, Spain, Singapore, South Korea, India, Italy, Vietnam, France, Japan and Malaysia lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Thailand, with a CAGR of +24.7%, recorded the highest growth rate of 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

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, surging by 1,026% against the previous year. Over the period under review, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+153.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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