Pumps; Parts Thereof Price in Myanmar - 2022

Contents:

1. Pumps; Parts Thereof Price in Myanmar (CIF) - 2022
2. Pumps; Parts Thereof Price in Myanmar (FOB) - 2022
3. Pumps; Parts Thereof Imports in Myanmar
4. Pumps; Parts Thereof Exports in Myanmar

Pumps; Parts Thereof Price in Myanmar (CIF) - 2022

The average pumps; parts thereof import price stood at $3,538 per ton in 2022, dropping by -7.3% against the previous year. In general, the import price faced a sharp downturn. The growth pace was the most rapid in 2021 an increase of 74%. The import price peaked at $33,833 per ton in 2013; however, from 2014 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 Turkey ($7,712 per ton), while the price for China ($2,622 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+238.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Pumps; Parts Thereof Price in Myanmar (FOB) - 2022

In 2022, the average pumps; parts thereof export price amounted to $3,443 per ton, which is down by -93.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 179%. The export price peaked at $54,875 per ton in 2021, and then contracted dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -1.8% per year.

Pumps; Parts Thereof Imports in Myanmar

In 2022, overseas purchases of pumps; parts thereoves decreased by -64.1% to 439 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 192% against the previous year. As a result, imports attained the peak of 3.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pumps; parts thereof imports contracted rapidly to $1.6M in 2022. Over the period under review, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports attained the peak of $7.4M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Pumps; Parts Thereof to Myanmar in 2022:

1. China (365.1 tons)
2. Turkey (22.1 tons)
3. South Korea (17.2 tons)
4. Italy (10.5 tons)
5. Thailand (8.7 tons)
6. Bangladesh (1.5 tons)

Pumps; Parts Thereof Exports in Myanmar

In 2022, overseas shipments of pumps; parts thereoves were finally on the rise to reach 29 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pumps; parts thereof exports soared to $99K in 2022. In general, exports, however, saw a deep downturn.

Top Export Markets for Pumps; Parts Thereof from Myanmar in 2022:

1. Indonesia (28.9 tons)

Source: IndexBox Market Intelligence Platform