Price for Cycles; Parts Thereof, Saddles in Myanmar - 2022

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Myanmar (FOB) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Myanmar (CIF) - 2022
3. Exports of Cycles; Parts Thereof, Saddles in Myanmar
4. Imports of Cycles; Parts Thereof, Saddles in Myanmar

Price for Cycles; Parts Thereof, Saddles in Myanmar (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $6.3 per unit, waning by -13.7% against the previous year. Overall, the export price faced a sharp decrease. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $91 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2019 to 2022, the rate of growth in terms of prices for Portugal amounted to -41.3% per year.

Price for Cycles; Parts Thereof, Saddles in Myanmar (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $0.7 per unit, rising by 6.1% against the previous year. In general, the import price, however, showed a deep setback. The growth pace was the most rapid in 2021 when the average import price increased by 30% against the previous year. The import price peaked at $3.7 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2 per unit), while the price for China ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.9%), while the prices for the other major suppliers experienced a decline.

Exports of Cycles; Parts Thereof, Saddles in Myanmar

Cycles; parts thereof, saddles exports from Myanmar surged to 636K units in 2022, rising by 102% against the year before. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,310,514% against the previous year. As a result, the exports attained the peak of 957K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cycles; parts thereof, saddles exports surged to $4M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 86,211%. As a result, the exports attained the peak of $5.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Cycles; Parts Thereof, Saddles from Myanmar in 2022:

1. South Korea (630.3K units)

Imports of Cycles; Parts Thereof, Saddles in Myanmar

In 2022, the amount of cycles; parts thereof, saddleses imported into Myanmar skyrocketed to 203K units, growing by 41% against 2021 figures. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cycles; parts thereof, saddles imports soared to $151K in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cycles; Parts Thereof, Saddles to Myanmar in 2022:

1. China (185.1K units)
2. Thailand (16.4K units)

Source: IndexBox Market Intelligence Platform