Price for Clock Movements; Complete and Assembled in Myanmar - 2022

Contents:

  1. Price for Clock Movements; Complete and Assembled in Myanmar (CIF) - 2022
  2. Imports of Clock Movements; Complete and Assembled in Myanmar

Price for Clock Movements; Complete and Assembled in Myanmar (CIF) - 2022

The average import price for clock movements; complete and assembleds stood at $2.9 per unit in 2022, picking up by 3.5% against the previous year. Overall, the import price enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 190% against the previous year. As a result, import price attained the peak level of $8 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3.1 per unit), while the price for India ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%).

Imports of Clock Movements; Complete and Assembled in Myanmar

In 2022, approx. 6.8K units of clock movements; complete and assembleds were imported into Myanmar; with an increase of 94% on 2021 figures. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25,050% against the previous year. Over the period under review, imports hit record highs at 8.8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clock movements; complete and assembled imports soared to $20K in 2022. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 8,781%. Imports peaked at $24K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Clock Movements; Complete and Assembled in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/A7.219.6172.2%
IndiaN/AN/AN/A0.20%
Thailand24.1N/A2.80.2-79.8%
OthersN/A0.1N/AN/A0%
Total24.10.19.920.0-6.0%

Top Suppliers of Clock Movements; Complete and Assembled to Myanmar in 2022:

  1. China (6.3K units)
  2. India (0.5K units)
  3. Thailand (0.1K units)

Source: IndexBox Market Intelligence Platform

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