Myanmar: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Myanmar

The Myanmar's non-combined refrigerator-freezer market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a slight curtailment. Non-combined refrigerator-freezer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Combined Refrigerator-Freezer Production in Myanmar

In value terms, non-combined refrigerator-freezer production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible downturn. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Myanmar

In 2022, exports of household refrigerators and freezers (not combined) from Myanmar skyrocketed to X units, with an increase of X% on 2021. Over the period under review, exports saw buoyant growth. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports surged to $X in 2022. In general, exports, however, showed a deep reduction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Lebanon (X units) was the main destination for non-combined refrigerator-freezer exports from Myanmar, with a X% share of total exports. It was followed by Canada (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Thailand (X% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for household refrigerators and freezers (not combined) exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Lebanon ($X per unit), while the average price for exports to Thailand ($X 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 Singapore (X%).

Non-Combined Refrigerator-Freezer Imports

Imports into Myanmar

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by X% to X units, falling for the sixth year in a row after five years of growth. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-combined refrigerator-freezer imports plummeted to $X in 2022. Overall, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-combined refrigerator-freezer to Myanmar, accounting for a X% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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