Myanmar: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Myanmar

In 2021, the Myanmar's transmission apparatus market decreased by -64.6% to $X, falling for the third year in a row after seven years of growth. In general, consumption, however, recorded buoyant growth. Transmission apparatus consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Transmission Apparatus Exports

Exports from Myanmar

After three years of decline, shipments abroad of transmission apparatus incorporating reception apparatus increased by 196% to X kg in 2021. Overall, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, transmission apparatus exports surged to $X in 2021. Over the period under review, exports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 299% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X kg) was the main destination for transmission apparatus exports from Myanmar, with a 76% share of total exports. Moreover, transmission apparatus exports to Poland exceeded the volume sent to the second major destination, South Korea (X kg), sevenfold. Thailand (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+46.1% per year) and Thailand (+25.1% per year).

In value terms, Poland ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Myanmar, comprising 69% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.3% share of total exports. It was followed by Singapore, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+71.7% per year) and Singapore (-0.4% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, declining by -49.1% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when the average export price increased by 193%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+427.4%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Myanmar

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus decreased by -67.2% to X tons, falling for the second consecutive year after eight years of growth. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 432%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports dropped dramatically to $X in 2021. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 517%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest transmission apparatus supplier to Myanmar, accounting for a 68% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +67.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+25.0% per year) and Thailand (-17.4% per year).

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Myanmar, comprising 67% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +85.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+34.2% per year) and Thailand (-12.8% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price decreased by -11.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per ton) and Vietnam ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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