Myanmar: Market for Vacuum Cleaners Without Motor 2024

Market Size for Vacuum Cleaners Without Motor in Myanmar

The Myanmar's vacuum cleaner without motor market fell dramatically to $X in 2022, which is down by -33.3% against the previous year. Overall, consumption continues to indicate a abrupt decline. Vacuum cleaner without motor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Vacuum Cleaners Without Motor in Myanmar

In value terms, vacuum cleaner without motor production reduced remarkably to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 233% against the previous year. Vacuum cleaner without motor production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Vacuum Cleaners Without Motor

Exports from Myanmar

Vacuum cleaner without motor exports from Myanmar declined significantly to X units in 2022, which is down by -99.2% against 2021. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 673% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vacuum cleaner without motor exports plummeted to $X in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 1,089%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) and China (X units) were the main destinations of vacuum cleaner without motor exports from Myanmar.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of 0.0%).

In value terms, China ($X) emerged as the key foreign market for vacuum cleaners without motor exports from Myanmar, comprising 98% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -2.4%.

Export Prices by Country

In 2022, the average vacuum cleaner without motor export price amounted to $X per unit, dropping by -40.3% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by 337% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Vietnam totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+65.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners Without Motor

Imports into Myanmar

In 2022, imports of vacuum cleaners without motor into Myanmar fell modestly to X units, which is down by -2% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 79%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum cleaner without motor imports declined slightly to $X in 2022. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 93%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum cleaner without motor to Myanmar, with a 62% share of total imports. Moreover, vacuum cleaner without motor imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. Malaysia (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.5% per year) and Malaysia (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners without motor to Myanmar, comprising 63% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.1% per year) and Malaysia (-2.1% per year).

Import Prices by Country

In 2022, the average vacuum cleaner without motor import price amounted to $X per unit, with a decrease of -3% against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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