Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar - 2022
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (CIF) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (CIF) - 2022
In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $4,025 per unit, increasing by 31% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 214% against the previous year. Over the period under review, average import prices reached the maximum at $33,148 per unit 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 South Korea ($6,000 per unit), while the price for Indonesia ($1,800 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (FOB) - 2022
In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $30 per unit, increasing by 48% against the previous year. In general, the export price, however, saw a sharp decline. The growth pace was the most rapid in 2018 when the average export price increased by 108% against the previous year. As a result, the export price reached the peak level of $7,036 per unit. From 2019 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 the Philippines.
From 2013 to 2022, the rate of growth in terms of prices for the Philippines amounted to -44.8% per year.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, which decreased by -29% to 1.6K units in 2022. In general, imports saw a sharp downturn. The smallest decline of -15.2% was in 2020. Imports peaked at 3.9K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs dropped to $6.4M in 2022. Overall, imports recorded a dramatic decline. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.1 | 1.7 | 2.2 | 5.4 | 70.0% |
| India | 9.1 | 6.5 | 0.8 | 0.9 | -53.8% |
| South Korea | 5.2 | 0.7 | 0.7 | N/A | -63.3% |
| China | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Japan | N/A | 1.1 | N/A | N/A | 0% |
| Indonesia | 0.7 | 0.8 | 1.2 | N/A | 30.9% |
| Saudi Arabia | 0.5 | 0.3 | 0.2 | N/A | -36.8% |
| Others | 1.8 | 1.7 | 1.8 | 0.1 | -61.8% |
| Total | 18.5 | 13.0 | 6.9 | 6.4 | -29.8% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Myanmar in 2022:
- Thailand (1335.0 units)
- India (198.0 units)
- Indonesia (21.0 units)
- China (19.0 units)
- South Korea (1.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar
In 2022, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -66.7% to 1 units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a dramatic slump. The exports peaked at 3 units in 2021, and then fell notably in the following year.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs reduced markedly to $30 in 2022. Overall, exports continue to indicate a sharp slump. The exports peaked at $2.7K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 2,258 | N/A | 37.0 | 30.0 | -76.3% |
| Germany | N/A | N/A | 1.0 | N/A | 0% |
| Malaysia | 442 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 23.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,700 | N/A | 61.0 | 30.0 | -77.7% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Myanmar in 2022:
- Philippines (1.0 units)
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