LITHIUM BATTERY PRICE IN MYANMAR IN 2024
Lithium-ion battery prices have declined from USD 1 400 per kilowatt-hour in 2010 to less than USD 140 per kilowatt-hour in 2023, one of the fastest cost declines of any energy technology
In 2021, the Myanmar's lithium battery market decreased by -56.7% to $X
In value terms, the largest lithium battery suppliers to Myanmar were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined 70% share of total imports. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+79.5% per year) and Indonesia (+37.8% per year).
Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure. In value terms, lithium battery imports shrank remarkably to $X in 2021. Overall, imports, however, continue to indicate a significant increase.
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