Myanmar - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Myanmar - 2022
Contents:
- Thermostat Price in Myanmar (CIF) - 2022
- Thermostat Price in Myanmar (FOB) - 2022
- Thermostat Imports in Myanmar
- Thermostat Exports in Myanmar
Thermostat Price in Myanmar (CIF) - 2022
The average thermostat import price stood at $2.5 per unit in 2022, with a decrease of -4.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 302% against the previous year. The import price peaked at $15 per unit in 2018; however, from 2019 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 Italy ($37 per unit), while the price for China ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%).
Thermostat Price in Myanmar (FOB) - 2022
In 2022, the average thermostat export price amounted to $204 per unit, reducing by -48.6% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 6,420%. Over the period under review, the average export prices attained the maximum at $397 per unit in 2021, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($209 per unit), while the average price for exports to China totaled $5.8 per unit.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+303.4%).
Thermostat Imports in Myanmar
In 2022, thermostat imports into Myanmar fell notably to 28K units, reducing by -76.9% against the year before. In general, imports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 with an increase of 579%. As a result, imports attained the peak of 123K units, and then shrank remarkably in the following year.
In value terms, thermostat imports declined remarkably to $71K in 2022. Overall, imports faced a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 198%. Imports peaked at $410K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Thermostat in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 157 | 18.6 | 256 | 43.4 | -34.9% |
| Vietnam | N/A | N/A | N/A | 4.7 | 0% |
| Thailand | 89.6 | 19.9 | 52.3 | 2.3 | -70.5% |
| Others | 163 | 70.4 | 15.9 | 21.1 | -49.4% |
| Total | 410 | 109 | 324 | 71.5 | -44.1% |
Top Suppliers of Thermostat to Myanmar in 2022:
- China (25.3K units)
- Vietnam (2.0K units)
- Thailand (0.1K units)
Thermostat Exports in Myanmar
In 2022, approx. 4 units of thermostats were exported from Myanmar; flattening at 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, thermostat exports reduced remarkably to $817 in 2022. In general, exports recorded a significant decrease. The exports peaked at $1.6K in 2021, and then contracted remarkably in the following year.
| Export of Thermostat in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Japan | 1,628 | 816 | -49.9% | ||
| China | 5.0 | 1.0 | -80.0% | ||
| Others | 1.0 | N/A | 0% | ||
| Total | 1,634 | 817 | -50.0% | ||
Top Export Markets for Thermostat from Myanmar in 2022:
- Japan (4.0 units)
This report provides an in-depth analysis of the thermostat market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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