Price for Automatic Circuit Breakers for Under 1000 V in Myanmar - 2023
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Myanmar (CIF) - 2022
- Price for Automatic Circuit Breakers for Under 1000 V in Myanmar (FOB) - 2023
- Imports of Automatic Circuit Breakers for Under 1000 V in Myanmar
- Exports of Automatic Circuit Breakers for Under 1000 V in Myanmar
Price for Automatic Circuit Breakers for Under 1000 V in Myanmar (CIF) - 2022
In 2022, the average import price for automatic circuit breakers for under 1000 v amounted to $2.4 per unit, surging by 21% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of 84% against the previous year. The import price peaked at $13 per unit in 2012; however, from 2013 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 ($6 per unit), while the price for Thailand ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in Myanmar (FOB) - 2023
In July 2023, the average export price for automatic circuit breakers for under 1000 v amounted to $25.4 per unit, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $25.4 per unit in April 2023; afterwards, it flattened through to July 2023.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From September 2022 to July 2023, the rate of growth in terms of prices for South Korea amounted to +0.2% per month.
Imports of Automatic Circuit Breakers for Under 1000 V in Myanmar
Imports of automatic circuit breakers for under 1000 v into Myanmar skyrocketed to 4M units in 2022, surging by 69% compared with the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of automatic circuit breakers for under 1000 v skyrocketed to $9.8M in 2022. In general, imports continue to indicate perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Automatic Circuit Breakers for Under 1000 V in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,202 | 1,674 | 1,692 | 5,496 | 19.7% |
Turkey | 42.2 | 50.6 | N/A | 1,415 | 222.5% |
South Korea | 1,194 | 1,235 | 431 | 1,231 | 1.0% |
India | 1,326 | 1,223 | 700 | 662 | -20.7% |
France | 93.7 | 132 | 45.8 | 374 | 58.6% |
Thailand | 420 | 465 | 223 | 157 | -28.0% |
Vietnam | 499 | 398 | 394 | 63.2 | -49.8% |
Germany | 1,737 | 965 | 705 | 35.4 | -72.7% |
Others | 607 | 899 | 601 | 351 | -16.7% |
Total | 9,121 | 7,041 | 4,793 | 9,785 | 2.4% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Myanmar in 2022:
- China (2809.9K units)
- Turkey (321.0K units)
- India (307.6K units)
- South Korea (206.2K units)
- Thailand (121.5K units)
- France (85.7K units)
- Vietnam (29.9K units)
- Germany (10.9K units)
Exports of Automatic Circuit Breakers for Under 1000 V in Myanmar
In 2022, shipments abroad of automatic circuit breakers for under 1000 v decreased by -0.3% to 65K units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 3,654%. As a result, the exports reached the peak of 83K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of automatic circuit breakers for under 1000 v reached $467K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,967% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Automatic Circuit Breakers for Under 1000 V in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 19.6 | 406 | 404 | 389 | 170.7% |
Others | 0.1 | N/A | 2.6 | 78.1 | 820.9% |
Total | 19.7 | 406 | 406 | 467 | 187.3% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Myanmar in 2022:
- South Korea (63.8K units)
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