Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar (CIF) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $4,586 per unit, growing by 20% against the previous year. Overall, the import price posted a significant increase. The growth pace was the most rapid in 2017 an increase of 404%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 India ($10,228 per unit), while the price for Taiwan (Chinese) ($113 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+272.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar
In 2022, the amount of electric motors and generators imported into Myanmar rose slightly to 286 units, growing by 1.8% on 2021. Over the period under review, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. Over the period under review, imports of reached the peak figure at 883 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors and generators soared to $1.3M in 2022. Overall, imports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 153% against the previous year. Over the period under review, imports of reached the maximum at $1.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 917 | 206 | 796 | 992 | 2.7% |
| China | 240 | 124 | 121 | 160 | -12.6% |
| Singapore | 1.6 | 24.9 | 87.0 | 90.8 | 284.3% |
| Japan | 64.4 | 14.1 | 53.1 | 64.5 | 0.1% |
| Thailand | 124 | 14.1 | 16.1 | 3.8 | -68.7% |
| United States | 3.5 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 40.8 | 0.1 | 0.1 | -37.0% |
| Total | 1,351 | 423 | 1,073 | 1,312 | -1.0% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Myanmar in 2022:
- China (118.0 units)
- India (97.0 units)
- Singapore (29.0 units)
- Japan (24.0 units)
- Thailand (17.0 units)
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This report provides an in-depth analysis of the dc motor market in Myanmar.
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1191
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