Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar - 2023

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar (CIF) - 2022
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar (CIF) - 2022

In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $0.4 per unit, picking up by 10% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $0.5 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($1.2 per unit), while the price for Vietnam ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar (FOB) - 2022

The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $15 per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price enjoyed a significant increase. The growth pace was the most rapid in 2020 when the average export price increased by 224%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($35 per unit), while the average price for exports to South Korea ($1 per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-72.0%).

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar

In 2022, the amount of drawing, marking-out or mathematical calculating instrumentses imported into Myanmar soared to 1.4M units, increasing by 439% on 2021. Overall, imports, however, faced a abrupt decrease. Imports peaked at 2.9M units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses soared to $545K in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. Over the period under review, imports of reached the maximum at $903K in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Myanmar in 2022:

1. China (1062.2K units)
2. Singapore (126.5K units)
3. Thailand (60.6K units)
4. Taiwan (Chinese) (57.1K units)
5. Hong Kong SAR (56.1K units)
6. Vietnam (41.6K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Myanmar

In 2022, approx. 11 units of drawing, marking-out or mathematical calculating instrumentses were exported from Myanmar; standing approx. at the year before. Overall, exports faced a sharp slump. The smallest decline of -99.9% was in 2020. Over the period under review, the exports of attained the maximum at 3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses amounted to $169 in 2022. Over the period under review, exports saw a significant decline. The smallest decline of -99.8% was in 2020. The exports peaked at $6K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Myanmar in 2022:

1. Germany (4.0 units)
2. Czech Republic (1.0 units)
3. Poland (1.0 units)
4. United States (1.0 units)
5. Ireland (1.0 units)
6. Thailand (1.0 units)
7. Slovakia (1.0 units)
8. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform