Report Update Nov 1, 2024

Myanmar - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Thermostat Market 2024

Thermostat Market Size in Myanmar

The Myanmar's thermostat market soared to $X in 2021, rising by 198% 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). In general, consumption continues to indicate a significant increase. Thermostat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Thermostat Exports

Exports from Myanmar

In 2021, overseas shipments of thermostats decreased by 0% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -40% was in 2018. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, thermostat exports amounted to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 4,300%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Japan (X units) was the main destination for thermostat exports from Myanmar, accounting for a 75% share of total exports. Moreover, thermostat exports to Japan exceeded the volume sent to the second major destination, China (X units), threefold.

From 2017 to 2021, the average annual rate of growth in terms of volume to Japan totaled -12.0%.

From 2017 to 2021, the average annual rate of growth in terms of value to Japan totaled +535.2%.

Export Prices by Country

The average thermostat export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2018 an increase of 6,420%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China totaled $X per unit.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+617.1%).

Thermostat Imports

Imports into Myanmar

In 2021, thermostat imports into Myanmar soared to X units, rising by 579% compared with 2020. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,772% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, thermostat imports surged to $X in 2021. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2017 when imports increased by 1,294%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of thermostat to Myanmar, accounting for a 96% share of total imports. Moreover, thermostat imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +141.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+130.7% per year) and Italy (-24.1% per year).

In value terms, China ($X) constituted the largest supplier of thermostats to Myanmar, comprising 79% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +131.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+139.7% per year) and Italy (-20.7% per year).

Import Prices by Country

In 2021, the average thermostat import price amounted to $X per unit, which is down by -56.2% against the previous year. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in 2014 an increase of 302%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 Thailand (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, with a combined 42% share of global consumption.

What are the largest producers of thermostats in the world?

China remains the largest thermostat producing country worldwide, accounting for 38% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

What are the leading suppliers of thermostats to Myanmar?

In value terms, Japan constituted the largest supplier of thermostat to Myanmar, comprising 50% of total imports. The second position in the ranking was occupied by India, with a 25% share of total imports.

What is the average import price for thermostats in Myanmar?

In 2021, the average thermostat import price amounted to $7.8 per unit, which is down by -12.7% against the previous year.

This report provides an in-depth analysis of the thermostat market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26517015 - Electronic thermostats
Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023