Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $12 per thousand units, with an increase of 34% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $24 per thousand units in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($45 per thousand units), while the price for China ($7.8 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced a decline.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, with an increase of 221% against the previous year. In general, the export price recorded a modest expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($0.5 per unit), while the average price for exports to the United States (less than $0.1 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+82.8%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar
In 2022, approx. 1.2B units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were imported into Myanmar; with an increase of 40% against the previous year. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of 2.1B units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $15M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 4.1 | 3.4 | 7.6 | 21.9% |
| Thailand | 0.7 | 1.1 | 1.5 | 4.1 | 80.3% |
| Japan | 2.9 | 2.4 | 0.5 | 1.2 | -25.5% |
| Vietnam | 0.1 | 0.9 | 0.3 | 1.2 | 128.9% |
| India | 0.5 | 0.7 | 0.1 | 0.2 | -26.3% |
| Malaysia | 0.4 | 1.1 | 0.2 | 0.1 | -37.0% |
| Others | 2.1 | 2.2 | 2.0 | 0.6 | -34.1% |
| Total | 11.1 | 12.5 | 8.0 | 15.0 | 10.6% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Myanmar in 2022:
- China (971.6M units)
- Vietnam (110.8M units)
- Thailand (90.6M units)
- Japan (9.5M units)
- India (7.6M units)
- Malaysia (4.9M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar
For the third year in a row, Myanmar recorded decline in shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which decreased by -95.6% to 287K units in 2022. In general, exports saw a dramatic decrease. The smallest decline of -32.6% was in 2021. Over the period under review, the exports of reached the peak figure at 46M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted notably to $36K in 2022. Overall, exports faced a dramatic descent. The smallest decline of -57.8% was in 2020. The exports peaked at $1.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,426 | 558 | 6.7 | 16.4 | -77.4% |
| Singapore | 6.4 | 5.6 | 49.9 | 13.6 | 28.6% |
| Indonesia | N/A | 0.2 | 1.5 | 2.1 | 224.0% |
| United States | 10.9 | N/A | 8.4 | 0.6 | -62.0% |
| Japan | N/A | 132 | 155 | 0.2 | -96.1% |
| Others | 243 | 15.7 | 37.7 | 3.5 | -75.7% |
| Total | 1,687 | 712 | 260 | 36.3 | -72.2% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Myanmar in 2022:
- Thailand (138.5K units)
- Singapore (107.0K units)
- Indonesia (17.7K units)
- United States (12.7K units)
- Japan (0.4K units)
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