Price for Electric Motors; of an Output Not Exceeding 37.5W in Myanmar - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar
Price for Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (FOB) - 2022
The average export price for electric motors stood at $81 per unit in 2022, surging by 5.3% against the previous year. Over the period under review, the export price continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2017 an increase of 1,959%. Over the period under review, the average export prices reached the peak figure at $868 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($816 per unit), while the average price for exports to Germany ($77 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+155.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (CIF) - 2022
The average import price for electric motors stood at $4.9 per unit in 2022, increasing by 28% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 211% against the previous year. The import price peaked at $6.2 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 India ($16 per unit), while the price for China ($3.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar
After three years of growth, overseas shipments of electric motors decreased by -11.4% to 23K units in 2022. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, the exports of hit record highs at 26K units in 2021, and then contracted in the following year.
In value terms, exports of electric motors fell to $1.8M in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 8.9% against the previous year. Over the period under review, the exports of reached the peak figure at $2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,581 | 1,372 | 1,505 | 1,612 | 0.6% |
| Hong Kong SAR | 389 | 292 | 183 | 97.8 | -36.9% |
| Singapore | N/A | 36.5 | 4.4 | 83.3 | 51.1% |
| Indonesia | 19.8 | 86.4 | 180 | 5.5 | -34.8% |
| Others | 19.6 | 30.5 | 108 | 49.0 | 35.7% |
| Total | 2,009 | 1,818 | 1,980 | 1,848 | -2.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Myanmar in 2022:
- Germany (21.0K units)
- Singapore (0.7K units)
- Hong Kong SAR (0.7K units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar
In 2022, purchases abroad of electric motors decreased by -36.8% to 314K units, falling for the second consecutive year after two years of growth. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, imports reached the peak of 2M units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of electric motors declined sharply to $1.5M in 2022. Overall, imports recorded a precipitous setback. Imports peaked at $5.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,844 | 1,320 | 1,580 | 853 | -39.5% |
| Thailand | 198 | 35.6 | 6.6 | 600 | 44.7% |
| Bangladesh | N/A | 74.7 | N/A | N/A | 0% |
| Luxembourg | 0.4 | N/A | N/A | N/A | 0% |
| Czech Republic | 39.5 | 42.7 | 29.9 | N/A | -13.0% |
| Others | 1,382 | 942 | 290 | 88.0 | -60.1% |
| Total | 5,464 | 2,415 | 1,907 | 1,541 | -34.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Myanmar in 2022:
- China (229.0K units)
- Thailand (80.6K units)
447
This report provides an in-depth analysis of the dc motor market in Myanmar.
406
This report provides an in-depth analysis of the ac/dc motor market in Myanmar.
1168
This report provides an in-depth analysis of the global dc motor market.
1553
This report provides an in-depth analysis of the global ac/dc motor market.
447
This report provides an in-depth analysis of the dc motor market in Myanmar.
406
This report provides an in-depth analysis of the ac/dc motor market in Myanmar.
1168
This report provides an in-depth analysis of the global dc motor market.
1553
This report provides an in-depth analysis of the global ac/dc motor market.
285
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
903
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1227
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
49
Explore the top import markets for AC/DC motors in 2023, including the United States, Germany, China, Italy, and more. Learn about the key statistics and import values of these countries.
1350
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
285
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
903
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1227
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
49
Explore the top import markets for AC/DC motors in 2023, including the United States, Germany, China, Italy, and more. Learn about the key statistics and import values of these countries.
1350
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
