Myanmar: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Myanmar

After four years of decline, the Myanmar's market for wiring sets used in vehicles, aircraft or ships increased by 16% to $X in 2022. In general, consumption showed a dramatic decrease. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Myanmar

In value terms, production of wiring sets used in vehicles, aircraft or ships stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 107% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Myanmar

In 2022, exports of wiring sets used in vehicles, aircraft or ships from Myanmar skyrocketed to X tons, jumping by 54% compared with the previous year's figure. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 1,216%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 711%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Myanmar, accounting for a 96% share of total exports. It was followed by China (X tons), with a 2.6% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to +1,048.3%.

In value terms, Thailand ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Myanmar, comprising 89% of total exports. The second position in the ranking was held by China ($X), with a 6.4% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Thailand totaled +770.8%.

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 16% against the previous year. In general, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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 ton), while the average price for exports to Thailand stood at $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+90.2%), while the prices for the other major destinations experienced a decline.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Myanmar

In 2022, imports of wiring sets used in vehicles, aircraft or ships into Myanmar dropped to X tons, with a decrease of -1.7% on the previous year's figure. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,370% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships reached $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 1,766%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Myanmar, accounting for a 90% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. South Korea (X kg) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +225.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+64.6% per year) and South Korea (-38.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Myanmar, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 2.9% share of total imports. It was followed by South Korea, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +202.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.9% per year) and South Korea (-11.9% per year).

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with an increase of 7% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2017 an increase of 73%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+42.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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