The Myanmar's market for pulley tackle and hoists powered by an electric motor reduced dramatically to $X in 2021, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a deep setback. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.
In 2021, Myanmar's export volume of electric pulleys and lifts dropped sharply to X units, down -X% compared to the previous year. Exports, however, registered strong growth during the reporting period. The pace of growth was most pronounced in 2017, when exports rose by X%. The export volume reached its peak in 2018; however, from 2019 to 2021, the export is still at a low level.
In value terms, the export volume of Pulley Tackles and Hoists Driven by Electric Motors is $X in 2021. But overall, exports have grown significantly. The most prominent growth rate was 2016, when exports increased by X%. Exports peaked at $X in 2017; however, exports are slightly lower from 2018 to 2021.
Singapore (X units) is the main export destination of electric pulleys and lifts from Myanmar, accounting for about X% of total exports.
From 2012 to 2021, sales in Singapore will grow at an average annual rate of +X%. In value terms, Singapore ($X) remains the main foreign market for pulley tackle and lifts powered by electric motors exported from Myanmar.
From 2012 to 2021, the average annual growth rate of Singapore's value will total +X%.
Imports of electric motor driven pulley spreaders and hoists into Myanmar shrank sharply to X units in 2021, down -X% from 2020. Overall, imports continued to show sharp setbacks. The most prominent growth rate was recorded in 2017, with an increase of X% over the previous year. As a result, imports peaked at station X. Import growth remains low from 2018 to 2021.
In value terms, imports of electric motor driven pulley tackle and hoists fell sharply to $X in 2021. Overall, there was a sudden setback in imports. The most prominent growth rate was in 2017, when imports increased by X% over the previous year. During the period under review, imports peaked at $X in 2018; however, imports were slightly lower from 2019 to 2021.
China (Taiwan X) and Taiwan (China) (Taiwan X) are the main suppliers of electric motor driven pulley tackle and lifts to Myanmar.
From 2012 to 2021, the largest increase is in China (CAGR -X value), Taiwan (China) ($X) and China ($X) is the largest pulley tackle and fishing tackle powered by electric motor suppliers in Myanmar gourd. Taiwan (China) grew at a CAGR of -X%, with the highest import value growth rate among the major suppliers during the period under review.
In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Myanmar were Taiwan Chinese) and China.
In value terms, Singapore remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Myanmar.
The average export price for pulley tackle and hoists powered by an electric motor stood at $312 per unit in 2021, increasing by 73% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $73 per unit in 2021, growing by 16% against the previous year.
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