Myanmar: Market for Non-Motorised Hand-Operated Mechanical Floor Sweepers 2024

Market Size for Non-Motorised Hand-Operated Mechanical Floor Sweepers in Myanmar

The Myanmar's mechanical hand floor sweeper market surged to $X in 2022, growing 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). Over the period under review, consumption saw prominent growth. Mechanical hand floor sweeper consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Exports from Myanmar

After two years of growth, overseas shipments of non-motorised hand-operated mechanical floor sweepers decreased by -40.4% to X units in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 27,233%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, mechanical hand floor sweeper exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 27,900%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Australia (X units) and New Zealand (X units) were the main destinations of mechanical hand floor sweeper exports from Myanmar, together comprising 79% of total exports.

From 2014 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +182.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for non-motorised hand-operated mechanical floor sweepers exports from Myanmar, comprising 64% of total exports. The second position in the ranking was taken by Australia ($X), with a 12% share of total exports. It was followed by Slovakia, with a 9.3% share.

From 2014 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-14.9% per year) and Slovakia (+159.5% per year).

Export Prices by Country

The average mechanical hand floor sweeper export price stood at $X per unit in 2022, rising by 61% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+54.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Imports into Myanmar

In 2022, after three years of decline, there was significant growth in purchases abroad of non-motorised hand-operated mechanical floor sweepers, when their volume increased by 28% to X units. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 193%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mechanical hand floor sweeper imports surged to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 115% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest mechanical hand floor sweeper supplier to Myanmar, accounting for a 83% share of total imports. Moreover, mechanical hand floor sweeper imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was held by Japan (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.4% per year) and Japan (+57.4% per year).

In value terms, China ($X) constituted the largest supplier of non-motorised hand-operated mechanical floor sweepers to Myanmar, comprising 82% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.9% share of total imports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.5% per year) and Japan (+59.1% per year).

Import Prices by Country

In 2022, the average mechanical hand floor sweeper import price amounted to $X per unit, with an increase of 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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