Price for Textile Machinery; Spinning Machines in Myanmar - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Myanmar (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Myanmar
Price for Textile Machinery; Spinning Machines in Myanmar (CIF) - 2022
The average textile machinery; spinning machines import price stood at $20,390 per unit in 2022, leveling off at the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($20,608 per unit), while the price for Thailand stood at $476 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced a decline.
Imports of Textile Machinery; Spinning Machines in Myanmar
For the third consecutive year, Myanmar recorded decline in supplies from abroad of textile machinery; spinning machineses, which decreased by 0% to 92 units in 2022. In general, imports saw a significant increase. The smallest decline of -70.6% was in 2020. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, textile machinery; spinning machines imports totaled $1.9M in 2022. Overall, imports showed significant growth. The smallest decline of -87.3% was in 2020. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.7 | 3.8 | N/A | 1,875 | 237.7% |
| Thailand | 21.2 | 4.5 | N/A | 0.5 | -71.3% |
| South Korea | 0.2 | 0.1 | N/A | N/A | -50.0% |
| India | 1.4 | 0.7 | N/A | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 71.4 | 9.1 | N/A | 1,876 | 197.3% |
Top Suppliers of Textile Machinery; Spinning Machines to Myanmar in 2022:
- China (91.0 units)
- Thailand (1.0 units)
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