Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $6,909 per ton, waning by -40.4% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 511% against the previous year. Over the period under review, average import prices hit record highs at $28,202 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Indonesia ($53,319 per ton), while the price for Hong Kong SAR ($1,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $17,575 per ton, dropping by -53.9% against the previous year. Overall, the export price faced a drastic downturn. The growth pace was the most rapid in 2021 an increase of 280% against the previous year. Over the period under review, the average export prices reached the maximum at $54,803 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($70,167 per ton), while the average price for exports to Cambodia ($4,677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar
In 2022, approx. 760 tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Myanmar; rising by 247% on 2021. In general, imports, however, recorded a deep setback.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $5.2M in 2022. Overall, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 139% against the previous year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,883 | 267 | 257 | 1,810 | -22.5% |
| Indonesia | 3.8 | 2.4 | 130 | 1,518 | 636.5% |
| Thailand | 2,741 | 72.2 | 780 | 620 | -39.1% |
| Singapore | 1.3 | 144 | 129 | 470 | 612.4% |
| India | 29.2 | 156 | 369 | 192 | 87.3% |
| Hong Kong SAR | N/A | N/A | N/A | 187 | 0% |
| Italy | 1,590 | 46.8 | 300 | 4.0 | -86.4% |
| Turkey | 48.4 | N/A | N/A | N/A | 0% |
| Others | 491 | 373 | 570 | 447 | -3.1% |
| Total | 8,787 | 1,062 | 2,536 | 5,250 | -15.8% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Myanmar in 2022:
- China (391.4 tons)
- Hong Kong SAR (122.3 tons)
- Singapore (121.0 tons)
- Thailand (37.8 tons)
- India (37.6 tons)
- Indonesia (28.5 tons)
- Italy (0.1 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar
In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Myanmar skyrocketed to 2 tons, increasing by 482% compared with the previous year's figure. In general, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 2,320% against the previous year. As a result, the exports reached the peak of 210 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses soared to $36K in 2022. Overall, exports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 2,466% against the previous year. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 15.3 | 0% |
| Singapore | 24.5 | 25.1 | 9.3 | 8.4 | -30.0% |
| Cambodia | N/A | N/A | N/A | 6.0 | 0% |
| Indonesia | N/A | N/A | N/A | 4.0 | 0% |
| Thailand | 6.9 | 1,995 | 0.5 | 0.7 | -53.4% |
| Japan | N/A | 74.7 | N/A | N/A | 0% |
| Malaysia | 43.7 | 3.4 | N/A | N/A | -92.2% |
| Others | 6.7 | 3.1 | 3.5 | 1.4 | -40.7% |
| Total | 81.9 | 2,101 | 13.3 | 35.8 | -24.1% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Myanmar in 2022:
- Cambodia (1283.0 kg)
- India (398.0 kg)
- Indonesia (141.0 kg)
- Singapore (120.0 kg)
- Thailand (72.0 kg)
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