Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Myanmar - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Myanmar (CIF) - 2022
2. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Myanmar

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Myanmar (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses stood at $352 per unit in 2022, declining by -61.7% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 494%. Over the period under review, average import prices attained the maximum at $2,164 per unit in 2018; however, from 2019 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 Thailand ($690 per unit), while the price for China stood at $14 per unit.

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

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Myanmar

For the third consecutive year, Myanmar recorded decline in overseas purchases of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses, which decreased by -33.3% to 2 units in 2022. In general, imports continue to indicate a dramatic curtailment. Over the period under review, imports of hit record highs at 127 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses dropped dramatically to $704 in 2022. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of -63.4% was in 2020. Imports peaked at $105K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Myanmar in 2022:

1. Thailand (1.0 units)
2. China (1.0 units)

Source: IndexBox Market Intelligence Platform