Myanmar: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Myanmar

The Myanmar's household sewing machine market soared to $X in 2021, jumping by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Household Sewing Machine Exports

Exports from Myanmar

For the third year in a row, Myanmar recorded growth in overseas shipments of household sewing machines, which increased by 343% to X units in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 800%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,014% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X units), Thailand (X units) and Japan (X units) were the main destinations of household sewing machine exports from Myanmar.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for household sewing machines exports from Myanmar, comprising 71% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by China, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and China (+8.8% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, falling by -8.9% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 104% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Thailand ($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 China (+47.2%).

Household Sewing Machine Imports

Imports into Myanmar

In 2021, the amount of household sewing machines imported into Myanmar surged to X units, jumping by 46% compared with the previous year's figure. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of 707% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports skyrocketed to $X in 2021. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 585%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) was the main household sewing machine supplier to Myanmar, with a 91% share of total imports. Moreover, household sewing machine imports from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and Japan (+20.9% per year).

In value terms, India ($X), Japan ($X) and China ($X) constituted the largest household sewing machine suppliers to Myanmar, together accounting for 81% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +45.3%, saw 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 household sewing machine import price stood at $X per unit in 2021, declining by -2.7% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 115%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 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 (+46.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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