Myanmar: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Myanmar

The Myanmar's positive displacement pump market declined remarkably to $X in 2021, shrinking by -41.8% 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 saw a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Positive Displacement Pump Exports

Exports from Myanmar

In 2021, the amount of positive displacement pumps and hand pumps exported from Myanmar soared to X units, growing by 8,751% on the year before. In general, exports posted significant growth. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, positive displacement pump exports soared to $X in 2021. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 4,279% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for positive displacement pump exports from Myanmar, with a 90% share of total exports. Moreover, positive displacement pump exports to India exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. The third position in this ranking was held by China (X units), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+10.5% per year) and China (+8.2% per year).

In value terms, the largest markets for positive displacement pump exported from Myanmar were Japan ($X), India ($X) and Singapore ($X), together accounting for 81% of total exports.

Among the main countries of destination, India, with a CAGR of +54.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, declining by -97.4% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of 358%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then shrank sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($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 Singapore (+56.1%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Myanmar

In 2021, after two years of growth, there was significant decline in purchases abroad of positive displacement pumps and hand pumps, when their volume decreased by -20.3% to X units. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 153% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, positive displacement pump imports reduced rapidly to $X in 2021. Overall, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2013 with an increase of 165%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hong Kong SAR (X units) constituted the largest positive displacement pump supplier to Myanmar, accounting for a 79% share of total imports. Moreover, positive displacement pump imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +75.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.8% per year) and Thailand (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Myanmar, comprising 70% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+44.6% per year) and Thailand (+8.8% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, reducing by -43.7% against the previous year. In general, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 120% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+33.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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