Price for New Pneumatic Tyres, of Rubber in Myanmar - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Myanmar (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Myanmar (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Myanmar
- Exports of New Pneumatic Tyres, of Rubber in Myanmar
Price for New Pneumatic Tyres, of Rubber in Myanmar (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $25 per unit in 2022, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $34 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($49 per unit), while the price for Vietnam ($8.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Myanmar (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $89 per unit, growing by 22% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 23%. Over the period under review, the average export prices reached the maximum at $97 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($102 per unit), while the average price for exports to Malaysia totaled $71 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres, of Rubber in Myanmar
For the third consecutive year, Myanmar recorded decline in overseas purchases of new pneumatic tyres, of rubbers, which decreased by -0.4% to 2.7M units in 2022. Overall, imports showed a abrupt contraction. Imports peaked at 4.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber imports rose markedly to $67M in 2022. Over the period under review, imports continue to indicate a abrupt setback. Over the period under review, imports hit record highs at $109M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of New Pneumatic Tyres, of Rubber in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.4 | 57.1 | 39.7 | 40.8 | -11.8% |
| Thailand | 19.7 | 12.1 | 8.4 | 16.8 | -5.2% |
| Vietnam | 6.0 | 8.3 | 5.2 | 4.3 | -10.5% |
| India | 4.1 | 3.6 | 2.1 | 1.7 | -25.4% |
| Indonesia | 3.5 | 1.1 | 0.5 | 0.8 | -38.9% |
| Others | 16.5 | 10.2 | 4.9 | 2.5 | -46.7% |
| Total | 109 | 92.4 | 60.8 | 67.0 | -15.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Myanmar in 2022:
- Thailand (1058.1K units)
- China (1023.6K units)
- Vietnam (520.0K units)
- India (35.4K units)
- Indonesia (24.4K units)
Exports of New Pneumatic Tyres, of Rubber in Myanmar
For the fourth year in a row, Myanmar recorded growth in overseas shipments of new pneumatic tyres, of rubbers, which increased by 36% to 1.6K units in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports skyrocketed to $145K in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 1.8 | 4.8 | 96.6 | 632.6% |
| Malaysia | 0.2 | 1.0 | 1.9 | 48.3 | 522.7% |
| United States | 3.8 | 14.1 | 19.6 | N/A | 127.1% |
| United Arab Emirates | N/A | 12.6 | 2.8 | N/A | -77.8% |
| Brazil | 39.0 | 32.0 | 49.2 | N/A | 12.3% |
| Others | 10.0 | 6.7 | 9.3 | N/A | -3.6% |
| Total | 53.0 | 68.2 | 87.6 | 145 | 39.9% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Myanmar in 2022:
- Singapore (947.0 units)
- Malaysia (680.0 units)
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