Myanmar: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Myanmar

In 2021, the Myanmar's market for non-electronic instruments for measuring or checking variables of liquids or gases increased by 145% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption enjoyed a significant increase. Non-electronic liquid or gas measurer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Myanmar

In 2021, overseas shipments of non-electronic instruments for measuring or checking variables of liquids or gases increased by 140% to X units, rising for the second year in a row after four years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,900%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports soared to $X in 2021. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 3,925% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iceland (X units), Turkey (X units) and Singapore (X units) were the main destinations of non-electronic liquid or gas measurer exports from Myanmar. Moreover, non-electronic liquid or gas measurer exports in Iceland exceeded the figures recorded by the second-largest exporter, Turkey, twofold.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic liquid or gas measurer exported from Myanmar were Iceland ($X), Turkey ($X) and Singapore ($X), together accounting for 94% of total exports. These countries were followed by Thailand, which accounted for a further 6.3%.

Thailand, with a CAGR of +10.4%, saw 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 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, rising by 137% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Turkey ($X per unit) and Singapore ($X per unit), while the average price for exports to Thailand ($X per unit) and Iceland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+11.6%).

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Myanmar

In 2021, supplies from abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by 170% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 2,689%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports soared to $X in 2021. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2017 when imports increased by 1,266%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest non-electronic liquid or gas measurer supplier to Myanmar, accounting for a 50% share of total imports. Moreover, non-electronic liquid or gas measurer imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Japan (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +115.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+76.2% per year) and Japan (+84.2% per year).

In value terms, the largest non-electronic liquid or gas measurer suppliers to Myanmar were Russia ($X), Italy ($X) and Germany ($X), together accounting for 54% of total imports. These countries were followed by Thailand, Japan, India and China, which together accounted for a further 25%.

Among the main suppliers, Japan, with a CAGR of +215.8%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, which is down by -27.7% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 215% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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