Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar - 2023

Contents:

  1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar (FOB) - 2022
  2. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $8,092 per unit in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7,091% against the previous year. The export price peaked at $63,905 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($17,213 per unit), while the average price for exports to the Philippines ($30 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 (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar

In 2022, after two years of decline, there was decline in overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), when their volume decreased by 0% to 9 units. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020. The exports peaked at 42 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $73K in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of 99.9% was in 2020. The exports peaked at $240K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A49.40%
India88.4N/AN/A17.2-42.1%
Singapore11.7N/AN/A3.6-32.5%
China23.7N/AN/A2.4-53.4%
Thailand0.8N/AN/A0.3-27.9%
Germany30.3N/AN/AN/A0%
PhilippinesN/AN/AN/AN/A0%
United Arab Emirates84.7N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total240N/AN/A72.8-32.8%

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Myanmar in 2022:

  1. United States (3.0 units)
  2. China (2.0 units)
  3. Singapore (1.0 units)
  4. Philippines (1.0 units)
  5. India (1.0 units)
  6. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform

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