Myanmar: Hvac Equipment Market 2024

Hvac Equipment Market Size in Myanmar

In 2022, the Myanmar's HVAC equipment market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hvac Equipment Production in Myanmar

In value terms, HVAC equipment production amounted to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Myanmar

In 2022, shipments abroad of HVAC equipment decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, enjoyed notable growth. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, HVAC equipment exports reduced dramatically to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for HVAC equipment exports from Myanmar, with a X% share of total exports. Moreover, HVAC equipment exports to India exceeded the volume sent to the second major destination, Singapore (X units), threefold.

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

In value terms, the largest markets for HVAC equipment exported from Myanmar were India ($X), Singapore ($X) and Hong Kong SAR ($X).

In terms of the main countries of destination, Singapore, with a CAGR of X%, 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

In 2022, the average HVAC equipment export price amounted to $X per unit, jumping by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, HVAC equipment export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into Myanmar

HVAC equipment imports into Myanmar dropped sharply to X units in 2022, which is down by X% against the year before. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, HVAC equipment imports declined to $X in 2022. In general, imports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Myanmar, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform