Myanmar: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Myanmar

For the fourth consecutive year, the Myanmar's diagnostic equipment market recorded decline in sales value, which decreased by -59.5% to $X in 2021. Overall, consumption faced a abrupt curtailment. Diagnostic equipment consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diagnostic Equipment Exports

Exports from Myanmar

In 2021, shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, diagnostic equipment exports surged to $X in 2021. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 62%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X units), China (X units) and Singapore (X units) were the main destinations of diagnostic equipment exports from Myanmar, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +40.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Vietnam ($X) and Singapore ($X) were the largest markets for diagnostic equipment exported from Myanmar worldwide, with a combined 95% share of total exports. Chile, Malaysia and the Netherlands lagged somewhat behind, together accounting for a further 2.8%.

In terms of the main countries of destination, Chile, with a CAGR of +86.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average diagnostic equipment export price stood at $X per unit in 2021, with a decrease of -3.6% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Myanmar

In 2021, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were imported into Myanmar; dropping by -59.2% against the previous year. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, diagnostic equipment imports declined notably to $X in 2021. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 13%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of diagnostic equipment to Myanmar, accounting for a 45% share of total imports. Moreover, diagnostic equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and the Netherlands (-12.5% per year).

In value terms, China ($X) constituted the largest supplier of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus to Myanmar, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Singapore, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and Singapore (-23.1% per year).

Import Prices by Country

The average diagnostic equipment import price stood at $X per unit in 2021, remaining stable against the previous year. In general, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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