Price for Tools, Hand; Other than Household Tools in Myanmar - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Myanmar (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Myanmar (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Myanmar
- Exports of Tools, Hand; Other than Household Tools in Myanmar
Price for Tools, Hand; Other than Household Tools in Myanmar (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $2,264 per ton in 2022, jumping by 73% against the previous year. Overall, the import price recorded a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Singapore ($5,094 per ton), while the price for India ($932 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) (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Myanmar (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $4,139 per ton in 2022, shrinking by -64.7% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 68%. As a result, the export price attained the peak level of $80,834 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -28.8% per year.
Imports of Tools, Hand; Other than Household Tools in Myanmar
After two years of decline, overseas purchases of tools, hand; other than household toolses increased by 33% to 1K tons in 2022. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools, hand; other than household toolses soared to $2.3M in 2022. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tools, Hand; Other than Household Tools in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.9 | 27.0 | N/A | 1,437 | 1068.8% |
| China | 607 | 711 | 509 | 616 | 0.5% |
| Thailand | 128 | 69.7 | 205 | 84.8 | -12.8% |
| India | 183 | 51.2 | 23.6 | 42.1 | -38.7% |
| Taiwan (Chinese) | 67.6 | 65.3 | 47.5 | 27.7 | -25.7% |
| Others | 417 | 483 | 217 | 101 | -37.7% |
| Total | 1,404 | 1,407 | 1,002 | 2,308 | 18.0% |
Top Suppliers of Tools, Hand; Other than Household Tools to Myanmar in 2022:
- China (603.8 tons)
- Singapore (282.1 tons)
- Thailand (61.9 tons)
- India (45.2 tons)
- Taiwan (Chinese) (21.8 tons)
Exports of Tools, Hand; Other than Household Tools in Myanmar
For the fourth year in a row, Myanmar recorded growth in shipments abroad of tools, hand; other than household toolses, which increased by 6,713% to 26 tons in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses skyrocketed to $107K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.5 | N/A | 0.9 | 107 | 498.1% |
| Singapore | 0.6 | 1.7 | 0.8 | N/A | 15.5% |
| Others | 1.0 | 1.3 | 2.7 | N/A | 64.3% |
| Total | 2.1 | 3.0 | 4.4 | 107 | 270.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Myanmar in 2022:
- Thailand (25.8 tons)
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