Price for Electrical Push-Button and Rotary Switch in Myanmar - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Myanmar (CIF) - 2023
- Price for Electrical Push-Button and Rotary Switch in Myanmar (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Myanmar
- Exports of Electrical Push-Button and Rotary Switch in Myanmar
Price for Electrical Push-Button and Rotary Switch in Myanmar (CIF) - 2023
In December 2023, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $86.6 per thousand units, with an increase of 289% against the previous month. Overall, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($152 per thousand units), while the price for China amounted to $50.0 per thousand units.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+18.4%).
Price for Electrical Push-Button and Rotary Switch in Myanmar (FOB) - 2022
In 2021, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.6 per unit, which is down by -5.6% against the previous year. Over the period under review, the export price faced a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 108%. Over the period under review, the average export prices hit record highs at $2.7 per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($1 per unit), while the average price for exports to Germany ($0.1 per unit) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Myanmar
In 2022, purchases abroad of electrical push-button and rotary switches for under 1000 v decreased by -38.8% to 86M units, falling for the second year in a row after two years of growth. In general, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 2.4%. As a result, imports reached the peak of 279M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electrical push-button and rotary switch imports fell markedly to $3.6M in 2022. Overall, imports faced a sharp setback. The smallest decline of -12% was in 2020. Over the period under review, imports hit record highs at $10M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Push-Button and Rotary Switch in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 7.1 | 3.0 | 1.7 | -39.3% |
| Singapore | 0.3 | N/A | N/A | 0.6 | 26.0% |
| India | 0.5 | 0.6 | 0.3 | 0.5 | 0.0% |
| Thailand | 0.6 | 0.4 | 1.5 | 0.5 | -5.9% |
| Others | 1.4 | 1.0 | 0.8 | 0.3 | -40.2% |
| Total | 10.5 | 9.2 | 5.6 | 3.6 | -30.0% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Myanmar in 2022:
- China (72.8M units)
- Thailand (4.7M units)
- India (4.6M units)
- Singapore (3.3M units)
Exports of Electrical Push-Button and Rotary Switch in Myanmar
Electrical push-button and rotary switch exports from Myanmar soared to 11K units in 2021, rising by 171% against 2020 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,551% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.
In value terms, electrical push-button and rotary switch exports surged to $6.9K in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,423%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Myanmar (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 101 | 1,376 | 4,309 | 553.2% |
| Japan | 32.0 | 334 | 1,557 | 597.5% |
| Brazil | 17.0 | 256 | 463 | 421.9% |
| United States | 5.0 | 80.0 | 200 | 532.5% |
| Hong Kong SAR | 1.0 | 36.0 | 113 | 963.0% |
| Germany | 1.0 | 51.0 | 22.0 | 369.0% |
| Romania | 1.0 | 486 | N/A | 48500.0% |
| Others | 18.0 | 62.0 | 204 | 236.7% |
| Total | 176 | 2,681 | 6,868 | 524.7% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Myanmar in 2022:
- China (7.6K units)
- Japan (1.6K units)
- Brazil (0.7K units)
- Germany (0.4K units)
- United States (0.2K units)
- Hong Kong SAR (0.2K units)
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