Price for Machinery; Parts of Machinery of Heading No. 8422 in Myanmar - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Myanmar (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Myanmar (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Myanmar
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Myanmar

Price for Machinery; Parts of Machinery of Heading No. 8422 in Myanmar (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $23,081 per ton, falling by -35.6% against the previous year. Over the period under review, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 105% against the previous year. Over the period under review, average import prices attained the maximum at $66,773 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($94,743 per ton), while the price for Thailand ($13,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.5%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Myanmar (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $272,890 per ton in 2022, growing by 593% against the previous year. Over the period under review, the export price posted a prominent expansion. Over the period under review, the average export prices attained the peak figure at $322,413 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to +16.6% per year.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Myanmar

In 2022, the amount of machinery; parts of machinery of heading no. 8422 imported into Myanmar declined to 166 tons, reducing by -11.5% on the previous year's figure. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 40%.

In value terms, imports of machinery; parts of machinery of heading no. 8422 fell sharply to $3.8M in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $6.7M, and then shrank notably in the following year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Myanmar in 2022:

1. China (90.0 tons)
2. Thailand (55.5 tons)
3. Italy (6.9 tons)
4. Japan (5.4 tons)
5. Taiwan (Chinese) (2.7 tons)
6. India (1.5 tons)
7. Germany (0.6 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Myanmar

In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 decreased by -85.1% to 527 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machinery; parts of machinery of heading no. 8422 rose slightly to $144K in 2022. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Myanmar in 2022:

1. Indonesia (527.0 kg)

Source: IndexBox Market Intelligence Platform