Price for Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar - 2022

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar
4. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $3,949 per ton, reducing by -38.8% against the previous year. In general, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 77%. The import price peaked at $15,565 per ton in 2013; however, from 2014 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 ($6,268 per ton), while the price for China ($3,631 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+31.8%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $2,821 per ton in July 2022, approximately mirroring the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level of $2,865 per ton. From April 2022 to July 2022, the 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 India.

From March 2022 to July 2022, the rate of growth in terms of prices for India amounted to -0.4% per month.

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar

In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Myanmar skyrocketed to 208 tons, picking up by 374% compared with 2021. Overall, imports posted a strong expansion.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $821K in 2022. Over the period under review, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 234% against the previous year. As a result, imports reached the peak of $3.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Myanmar in 2022:

1. Japan (177.2 tons)
2. China (25.3 tons)
3. Thailand (2.7 tons)
4. Germany (0.3 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Myanmar

For the third consecutive year, Myanmar recorded growth in overseas shipments of machinery; parts of the machinery of heading no. 8427, which increased by 58,461% to 80 tons in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $228K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Myanmar in 2022:

1. India (80.2 tons)

Source: IndexBox Market Intelligence Platform