Report Update: May 1, 2024

Myanmar - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Passenger Car Price in Myanmar - 2022

Passenger Car Price in Myanmar (CIF) - 2022

In 2022, the average passenger car import price amounted to $5,469 per unit, reducing by -46% against the previous year. Overall, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 26%. The import price peaked at $18,984 per unit in 2012; however, from 2013 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 Japan ($45,081 per unit), while the price for China ($2,892 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Passenger Car Price in Myanmar (FOB) - 2022

In 2022, the average passenger car export price amounted to $16,954 per unit, falling by -23.6% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the maximum at $32,918 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($33,480 per unit), while the average price for exports to Georgia ($4,234 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports in Myanmar

In 2022, overseas purchases of passenger cars decreased by -60.9% to 7.8K units, falling for the second year in a row after two years of growth. Overall, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 33%. As a result, imports attained the peak of 36K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, passenger car imports dropped sharply to $42M in 2022. In general, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports attained the peak of $289M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Passenger Car in Myanmar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	22.2	31.4	16.1	13.0	-16.3%
Japan	26.6	48.2	39.5	11.1	-25.3%
Thailand	39.0	30.5	18.0	8.7	-39.4%
Canada	2.2	9.3	10.7	2.6	5.7%
India	9.9	14.4	5.6	2.4	-37.6%
South Korea	11.2	22.1	21.6	2.4	-40.2%
United Kingdom	9.0	14.2	4.2	0.2	-71.9%
Indonesia	36.7	41.8	17.1	0.1	-86.0%
United Arab Emirates	30.5	37.6	47.7	N/A	25.1%
Singapore	3.8	3.6	3.7	N/A	-1.3%
Germany	15.6	8.2	2.9	N/A	-56.9%
Others	15.7	28.0	14.2	1.9	-50.5%
Total	222	289	201	42.4	-42.4%

Top Suppliers of Passenger Car to Myanmar in 2022:

China (4489.0 units)
Thailand (1931.0 units)
India (630.0 units)
Japan (247.0 units)
South Korea (177.0 units)
Canada (143.0 units)
United Kingdom (7.0 units)
Indonesia (5.0 units)

Passenger Car Exports in Myanmar

In 2022, overseas shipments of passenger cars decreased by -20% to 8 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 233%. As a result, the exports reached the peak of 10 units, and then contracted remarkably in the following year.

In value terms, passenger car exports declined markedly to $136K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 349%. As a result, the exports reached the peak of $222K, and then contracted dramatically in the following year.

Export of Passenger Car in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	N/A	N/A	N/A	89.3	0%
Philippines	N/A	N/A	N/A	35.1	0%
Georgia	N/A	N/A	N/A	11.3	0%
South Korea	N/A	N/A	39.5	N/A	0%
Thailand	N/A	46.0	134	N/A	191.3%
Portugal	21.3	N/A	N/A	N/A	0%
Madagascar	15.1	N/A	N/A	N/A	0%
Others	8.2	3.4	47.9	N/A	141.7%
Total	44.5	49.4	222	136	45.1%

Top Export Markets for Passenger Car from Myanmar in 2022:

Japan (3.0 units)
Philippines (3.0 units)
Georgia (3.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the passenger car market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023