Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar (CIF) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar (CIF) - 2022
In 2022, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $11 per unit, with a decrease of -33.2% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. The import price peaked at $52 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($98 per unit), while the price for China ($6.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into Myanmar contracted significantly to 119K units, with a decrease of -92.6% compared with the previous year. In general, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 691% against the previous year. As a result, imports reached the peak of 1.6M units, and then contracted dramatically in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture dropped sharply to $1.4M in 2022. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 1,166% against the previous year. As a result, imports reached the peak of $28M, and then declined rapidly in the following year.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 0.7 | 2.4 | 0.6 | -24.6% |
| Thailand | N/A | 0.9 | 11.8 | 0.5 | -25.5% |
| Malaysia | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Vietnam | 0.1 | N/A | 2.4 | N/A | 389.9% |
| Others | 0.6 | 0.4 | 11.0 | 0.2 | -30.7% |
| Total | 2.2 | 2.2 | 27.6 | 1.4 | -14.0% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Myanmar in 2022:
- China (86.0K units)
- Thailand (25.3K units)
- Malaysia (5.3K units)
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