Musical Instrument Strings Price in Myanmar - 2022

Contents:

1. Musical Instrument Strings Price in Myanmar (CIF) - 2022
2. Musical Instrument Strings Imports in Myanmar

Musical Instrument Strings Price in Myanmar (CIF) - 2022

The average musical instrument strings import price stood at $0.2 per unit in 2022, declining by -64.3% against the previous year. In general, the import price saw a significant curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 483% against the previous year. Over the period under review, average import prices attained the peak figure at $1.9 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($0.3 per unit), while the price for Thailand (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+140.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Instrument Strings Imports in Myanmar

In 2022, the amount of musical instrument stringses imported into Myanmar soared to 185K units, picking up by 206% on 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 378%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, musical instrument strings imports totaled $34K in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,683%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Musical Instrument Strings to Myanmar in 2022:

1. China (130.4K units)
2. Thailand (50.3K units)
3. South Korea (4.4K units)

Source: IndexBox Market Intelligence Platform