Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $731 per ton in 2022, rising by 55% against the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. The import price peaked at $1,156 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Singapore ($746 per ton), while the price for Thailand ($471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $594 per ton in 2022, standing approx. at the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 62%. As a result, the export price attained the peak level of $716 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2016 to 2022, the rate of growth in terms of prices for Singapore amounted to +4.2% per year.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar
In 2022, purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s was finally on the rise to reach 2.5M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep downturn.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $1.9B in 2022. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,229 | 750 | 812 | 1,580 | 8.7% |
| Malaysia | 67.5 | 66.8 | 292 | 246 | 53.9% |
| Thailand | 24.8 | 19.8 | 12.6 | 31.2 | 8.0% |
| Others | 9.1 | 32.5 | 36.7 | 0.1 | -77.8% |
| Total | 1,330 | 869 | 1,153 | 1,857 | 11.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Myanmar in 2022:
- Singapore (2119.4K tons)
- Malaysia (355.8K tons)
- Thailand (66.2K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar
Exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Myanmar totaled 525 tons in 2022, leveling off at the previous year's figure. In general, exports continue to indicate a dramatic contraction. The smallest decline of 99.9% was in 2021.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $312K in 2022. Overall, exports showed a dramatic curtailment. The smallest decline of 99.9% was in 2021.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | 576 | N/A | 312 | -26.4% | |
| Thailand | 48.6 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 624 | N/A | 312 | -29.3% | |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Myanmar in 2022:
- Singapore (525.3 tons)
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