Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $21 per thousand units in 2022, with a decrease of -45.6% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $87 per thousand units. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($23 per thousand units), while the price for China totaled $18 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2,340.6%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to less than $0.1 per unit, approximately reflecting the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price decreased by 99.9%. The export price peaked at $0.2 per unit in 2012; however, from 2013 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 China.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar

In 2022, approx. 3.5M units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into Myanmar; increasing by 147% against 2021 figures. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 219%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $74K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Myanmar in 2022:

1. China (3.1M units)
2. Thailand (0.4M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Myanmar

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Myanmar amounted to 15K units, remaining constant against the previous year's figure. In general, exports showed a precipitous shrinkage. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 28K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones amounted to $358 in 2022. Over the period under review, exports saw a sharp curtailment. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at $1.5K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Myanmar in 2022:

1. China (14.7K units)

Source: IndexBox Market Intelligence Platform