Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar (CIF) - 2022
In 2022, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $12,241 per unit, rising by 3% against the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 480% against the previous year. Over the period under review, average import prices attained the maximum at $14,850 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Taiwan (Chinese) ($23,990 per unit), while the price for Thailand ($4,696 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar
In 2022, overseas purchases of knitting machines; circular, with cylinder diameter exceeding 165mms were finally on the rise to reach 69 units for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms skyrocketed to $845K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 266 | 24.0 | 49.4 | 600 | 31.1% |
| Thailand | 51.5 | 5.4 | 12.7 | 178 | 51.2% |
| China | 33.5 | 290 | 199 | 66.4 | 25.6% |
| Vietnam | 79.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 431 | 320 | 262 | 845 | 25.2% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Myanmar in 2022:
- Thailand (38.0 units)
- Taiwan (Chinese) (25.0 units)
- China (6.0 units)
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