Report Update Apr 1, 2024

Myanmar - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Myanmar

The Myanmar's electric rotary converter market fell to $X in 2021, with a decrease of -10.5% against the previous year. In general, consumption showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Rotary Converter Production in Myanmar

In value terms, electric rotary converter production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from Myanmar

In 2020, the amount of electric rotary converters exported from Myanmar reduced dramatically to X units, with a decrease of -15.4% compared with 2019. Over the period under review, exports, however, recorded resilient growth. Over the period under review, the exports hit record highs at X units in 2019, and then fell significantly in the following year.

In value terms, electric rotary converter exports fell dramatically to $X in 2020. In general, exports, however, continue to indicate a prominent expansion. Over the period under review, the exports hit record highs at $X in 2019, and then dropped dramatically in the following year.

Exports by Country

Indonesia (X units) was the main destination for electric rotary converter exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2014 to 2020, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

In value terms, Indonesia ($X) emerged as the key foreign market for electric rotary converters exports from Myanmar.

From 2014 to 2020, the average annual growth rate of value to Indonesia was relatively modest.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2020, dropping by -8.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2019, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2014 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Electric Rotary Converter Imports

Imports into Myanmar

In 2021, approx. X units of electric rotary converters were imported into Myanmar; reducing by -61.9% against 2020 figures. Overall, imports showed a deep setback. The growth pace was the most rapid in 2017 with an increase of 3,988% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, electric rotary converter imports declined significantly to $X in 2021. Over the period under review, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,602%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and India (X units) were the main suppliers of electric rotary converter imports to Myanmar, together comprising 58% of total imports. Moreover, electric rotary converter imports in Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese), twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of electric rotary converters to Myanmar, comprising 57% of total imports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.2% per year) and Japan (+12.6% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, picking up by 101% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 164%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Malaysia and the Netherlands, together accounting for 60% of global consumption. These countries were followed by Hong Kong SAR, Nigeria, Canada, Latvia, Vietnam, Switzerland and the UK, which together accounted for a further 25%.

What are the largest producers of electric rotary converters in the world?

Malaysia constituted the country with the largest volume of electric rotary converter production, comprising approx. 31% of total volume. Moreover, electric rotary converter production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. Germany ranked third in terms of total production with an 11% share.

What are the leading suppliers of electric rotary converters to Myanmar?

In value terms, India constituted the largest supplier of electric rotary converters to Myanmar, comprising 57% of total imports. The second position in the ranking was taken by Singapore, with a 19% share of total imports. It was followed by Japan, with a 9.2% share.

What are the leading importers of electric rotary converters from Myanmar?

In value terms, Indonesia emerged as the key foreign market for electric rotary converters exports from Myanmar.

What is the average export price for electric rotary converters in Myanmar?

The average electric rotary converter export price stood at $293 per unit in 2020, declining by -8.5% against the previous year.

What is the average import price for electric rotary converters in Myanmar?

The average electric rotary converter import price stood at $1,045 per unit in 2021, jumping by 101% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023