Myanmar: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Myanmar

After two years of decline, the Myanmar's market for parts of apparatus of hs increased by 8% to $X in 2021. Overall, consumption, however, saw a noticeable reduction. Parts of apparatus of hs consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Parts Of Apparatus Of Hs in Myanmar

In value terms, parts of apparatus of hs production rose significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Myanmar

In 2021, shipments abroad of parts of apparatus of hs decreased by -16.8% to X units, falling for the second consecutive year after five years of growth. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 1,209% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, parts of apparatus of hs exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,011%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for parts of apparatus of hs exports from Myanmar, with a 61% share of total exports. Moreover, parts of apparatus of hs exports to Japan exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +344.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2,035.9% per year) and the United States (+4.2% per year).

In value terms, Japan ($X) remains the key foreign market for parts of apparatus of hs exports from Myanmar, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 9.8% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +170.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1,294.2% per year) and the United States (+16.0% per year).

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, reducing by -19.8% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2013 an increase of 89%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Malaysia ($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 the United States (+11.3%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Apparatus Of Hs

Imports into Myanmar

In 2021, purchases abroad of parts of apparatus of hs decreased by -44.2% to X units, falling for the fourth consecutive year after two years of growth. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 3,979% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, parts of apparatus of hs imports dropped sharply to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 949% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Myanmar, with a 78% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold. The third position in this ranking was held by Thailand (X units), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+101.3% per year) and Thailand (+22.3% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Myanmar, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total imports. It was followed by Malaysia, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.4% per year) and Malaysia (+43.4% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, growing by 8.4% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 13%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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