Price for Inner Tubes, of Rubber in Myanmar - 2022

Contents:

1. Price for Inner Tubes, of Rubber in Myanmar (CIF) - 2022
2. Price for Inner Tubes, of Rubber in Myanmar (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Myanmar
4. Exports of Inner Tubes, of Rubber in Myanmar

Price for Inner Tubes, of Rubber in Myanmar (CIF) - 2022

The average inner tubes, of rubber import price stood at $1.6 per unit in December 2022, remaining relatively unchanged against the previous month. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in August 2022 an increase of 113% month-to-month. The import price peaked at $5.5 per unit in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($9.1 per unit), while the price for Thailand ($370 per thousand units) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Inner Tubes, of Rubber in Myanmar (FOB) - 2022

In 2021, the average inner tubes, of rubber export price amounted to $1.5 per unit, remaining constant against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 46%. The export price peaked at $2.8 per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +89.1% per year.

Imports of Inner Tubes, of Rubber in Myanmar

Inner tubes, of rubber imports into Myanmar expanded notably to 17M units in 2022, with an increase of 15% compared with the year before. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inner tubes, of rubber imports expanded slightly to $25M in 2022. In general, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at $29M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Inner Tubes, of Rubber to Myanmar in 2022:

1. Thailand (8.2M units)
2. Vietnam (4.0M units)
3. China (3.8M units)
4. India (0.3M units)

Exports of Inner Tubes, of Rubber in Myanmar

Inner tubes, of rubber exports from Myanmar dropped markedly to 36K units in 2021, which is down by -25% on 2020. Over the period under review, exports faced a sharp downturn. Over the period under review, the exports reached the peak figure at 48K units in 2020, and then declined markedly in the following year.

In value terms, inner tubes, of rubber exports contracted significantly to $52K in 2021. Overall, exports continue to indicate a precipitous descent. Over the period under review, the exports hit record highs at $70K in 2020, and then dropped remarkably in the following year.

Top Export Markets for Inner Tubes, of Rubber from Myanmar in 2022:

1. South Korea (35.6K units)

Source: IndexBox Market Intelligence Platform