Motorcycle Tire Price in Myanmar - 2022
Contents:
- Motorcycle Tire Price in Myanmar (CIF) - 2022
- Motorcycle Tire Price in Myanmar (FOB) - 2022
- Motorcycle Tire Imports in Myanmar
- Motorcycle Tire Exports in Myanmar
Motorcycle Tire Price in Myanmar (CIF) - 2022
In December 2022, the average motorcycle tire import price amounted to $3.6 per unit, leveling off at the previous month. Over the period under review, import price indicated a mild expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, motorcycle tire import price decreased by -5.4% against October 2022 indices. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 73% m-o-m. As a result, import price reached the peak level of $4.0 per unit. From June 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($4.6 per unit), while the price for Thailand ($3.4 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Myanmar (FOB) - 2022
The average motorcycle tire export price stood at $5.2 per unit in 2022, reducing by -8.8% against the previous year. Over the last three years, it increased at an average annual rate of +11.7%. The most prominent rate of growth was recorded in 2020 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $5.8 per unit in 2021, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2019 to 2022, the rate of growth in terms of prices for Malaysia amounted to +11.7% per year.
Motorcycle Tire Imports in Myanmar
For the third consecutive year, Myanmar recorded decline in overseas purchases of new pneumatic tyres for motorcycles, which decreased by -43.8% to 675K units in 2022. In general, imports saw a precipitous curtailment. The smallest decline of -12.8% was in 2020. Over the period under review, imports reached the peak figure at 1.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, motorcycle tire imports contracted rapidly to $2.6M in 2022. Over the period under review, imports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Motorcycle Tire in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.8 | 1.7 | 1.4 | 1.3 | -10.3% |
| Thailand | 2.1 | 2.3 | 1.2 | 1.0 | -21.9% |
| China | 2.4 | 6.4 | 3.3 | 0.3 | -50.0% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 6.6 | 10.6 | 6.0 | 2.6 | -26.7% |
Top Suppliers of Motorcycle Tire to Myanmar in 2022:
- Vietnam (379.7K units)
- Thailand (255.8K units)
- China (39.1K units)
Motorcycle Tire Exports in Myanmar
In 2022, the amount of new pneumatic tyres for motorcycles exported from Myanmar soared to 70K units, with an increase of 389% compared with 2021. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports hit record highs at 126K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, motorcycle tire exports skyrocketed to $368K in 2022. In general, exports, however, recorded a slight decrease. Over the period under review, the exports hit record highs at $653K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Motorcycle Tire in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 390 | 653 | 82.5 | 368 | -1.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 390 | 653 | 82.5 | 368 | -1.9% |
Top Export Markets for Motorcycle Tire from Myanmar in 2022:
- Malaysia (70.0K units)
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