Price for Household or Laundry-Type Washing Machine in Myanmar - 2022

Price for Household or Laundry-Type Washing Machine in Myanmar (CIF) - 2022

The average import price for household or laundry-type washing machines stood at $307 per unit in 2022, increasing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $311 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($323 per unit), while the price for Vietnam ($251 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Household or Laundry-Type Washing Machine in Myanmar (FOB) - 2022

In 2022, the average export price for household or laundry-type washing machines amounted to $324 per unit, shrinking by -68.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The export price peaked at $1,015 per unit in 2021, and then contracted rapidly in the following year.

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

From 2017 to 2022, the rate of growth in terms of prices for Thailand amounted to +10.6% per year.

Imports of Household or Laundry-Type Washing Machine in Myanmar

For the third year in a row, Myanmar recorded decline in overseas purchases of household or laundry-type washing machines, which decreased by -21.4% to 22K units in 2022. Over the period under review, imports recorded a dramatic downturn. Over the period under review, imports reached the peak figure at 67K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, household or laundry-type washing machine imports dropped significantly to $6.8M in 2022. In general, imports recorded a precipitous slump. Over the period under review, imports hit record highs at $18M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Household or Laundry-Type Washing Machine in Myanmar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.8	6.2	4.1	3.3	-27.9%
Thailand	7.2	5.8	3.1	2.9	-26.1%
Vietnam	1.5	0.8	0.7	0.3	-41.5%
Others	0.3	0.3	0.4	0.2	-12.6%
Total	17.9	13.0	8.3	6.8	-27.6%

Top Suppliers of Household or Laundry-Type Washing Machine to Myanmar in 2022:

China (10.2K units)
Thailand (9.5K units)
Vietnam (1.4K units)

Exports of Household or Laundry-Type Washing Machine in Myanmar

In 2022, the amount of household or laundry-type washing machines exported from Myanmar soared to 30 units, increasing by 58% on 2021. Over the period under review, total exports indicated a significant increase from 2021 to 2022: its volume increased at an average annual rate of +57.9% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, household or laundry-type washing machine exports fell sharply to $9.6K in 2022. Overall, exports, however, saw a dramatic setback. The exports peaked at $19K in 2021, and then declined dramatically in the following year.