Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar - 2023
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar (CIF) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar (CIF) - 2022
The average import price for cycles; parts thereof, wheel rims and spokeses stood at $817 per ton in 2022, surging by 51% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts thereof, wheel rims and spokeses increased by +238.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 173% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
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 China ($864 per ton), while the price for Thailand ($410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar
In 2022, supplies from abroad of cycles; parts thereof, wheel rims and spokeses increased by 76% to 329 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic curtailment.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $269K in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.0 | 79.9 | 48.0 | 173 | 26.7% |
| Japan | 0.1 | 0.1 | 0.2 | 85.7 | 849.9% |
| Thailand | 66.8 | 1.6 | 4.9 | 5.5 | -56.5% |
| India | 24.1 | 17.1 | 6.0 | 5.2 | -40.0% |
| Indonesia | 36.2 | 37.8 | 37.6 | N/A | 1.9% |
| Others | 6.7 | 3.9 | 4.4 | N/A | -19.0% |
| Total | 219 | 140 | 101 | 269 | 7.1% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Myanmar in 2022:
- China (199.9 tons)
- Japan (108.0 tons)
- Thailand (13.4 tons)
- India (8.0 tons)
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