Myanmar - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Myanmar - 2022
Contents:
- Bicycle Price in Myanmar (CIF) - 2022
- Bicycle Price in Myanmar (FOB) - 2022
- Bicycle Imports in Myanmar
- Bicycle Exports in Myanmar
Bicycle Price in Myanmar (CIF) - 2022
In December 2022, the average bicycle import price amounted to $13.7 per unit, picking up by 54% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.1%. The import price peaked at $14.5 per unit in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($20.3 per unit), while the price for Thailand totaled $11.0 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%).
Bicycle Price in Myanmar (FOB) - 2022
In 2022, the average bicycle export price amounted to $111 per unit, falling by -66.1% against the previous year. Overall, the export price faced a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 115%. As a result, the export price attained the peak level of $413 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($113 per unit), while the average price for exports to Singapore amounted to $64 per unit.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-10.2%), while the prices for the other major destinations experienced a decline.
Bicycle Imports in Myanmar
In 2022, overseas purchases of bicycles and other cycles were finally on the rise to reach 473K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at 839K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bicycle imports expanded rapidly to $8.1M in 2022. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports attained the maximum at $14M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Bicycle in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.7 | 6.5 | 4.8 | 4.1 | -22.2% |
Thailand | 1.2 | 0.6 | 1.5 | 4.0 | 49.4% |
Japan | 3.7 | 3.2 | 1.3 | N/A | -40.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 13.7 | 10.4 | 7.6 | 8.1 | -16.1% |
Top Suppliers of Bicycle to Myanmar in 2022:
- China (240.0K units)
- Thailand (228.7K units)
- Japan (3.3K units)
Bicycle Exports in Myanmar
For the fourth year in a row, Myanmar recorded growth in overseas shipments of bicycles and other cycles, which increased by 1,596% to 2.5K units in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 4,350% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bicycle exports skyrocketed to $281K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 10,898%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Bicycle in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | N/A | 9.9 | 0.1 | 274 | 426.1% |
Singapore | N/A | 0.5 | 6.4 | 7.1 | 276.8% |
Canada | N/A | 19.5 | 37.3 | N/A | 91.3% |
Others | 0.3 | 6.8 | 5.2 | N/A | 316.3% |
Total | 0.3 | 36.6 | 49.0 | 281 | 878.4% |
Top Export Markets for Bicycle from Myanmar in 2022:
- Thailand (2.4K units)
- Singapore (0.1K units)
This report provides an in-depth analysis of the bicycle 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 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bicycle market in Myanmar.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Myanmar.
This report provides an in-depth analysis of the global bicycle market.
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
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In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
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Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>