Myanmar: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Myanmar

The Myanmar's market for residential, commercial and industrial lighting fixture stood at $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in Myanmar

In value terms, production of residential, commercial and industrial lighting fixture rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 21%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Myanmar

In 2021, overseas shipments of residential, commercial and industrial lighting fixture decreased by -93.5% to X units, falling for the second consecutive year after four years of growth. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 315%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of residential, commercial and industrial lighting fixture shrank rapidly to $X in 2021. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 326%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Myanmar, accounting for a 655% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Germany exceeded the volume sent to the second major destination, Canada (X units), fourfold. The third position in this ranking was taken by Thailand (X units), with a 61% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+326.9% per year) and Thailand (+32.6% per year).

In value terms, Germany ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from Myanmar, comprising 420% of total exports. The second position in the ranking was taken by Canada ($X), with a 78% share of total exports. It was followed by Thailand, with a 43% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+193.4% per year) and Thailand (+42.8% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, with an increase of 59% against the previous year. Overall, the export price, however, recorded a pronounced setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Ethiopia ($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 Australia (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Myanmar

In 2021, overseas purchases of residential, commercial and industrial lighting fixture increased by 22% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 174%. Over the period under review, imports of attained the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 49% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to Myanmar, with a 39% share of total imports. It was followed by Thailand (X units), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Myanmar, comprising 177% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -3.1%.

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, with a decrease of -29.9% against the previous year. Overall, the import price faced a dramatic decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-6.0%).

Source: IndexBox Platform

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