Price for Winches and Capstans; Powered by an Electric Motor in Myanmar - 2023
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Myanmar (CIF) - 2022
- Imports of Winches and Capstans; Powered by an Electric Motor in Myanmar
Price for Winches and Capstans; Powered by an Electric Motor in Myanmar (CIF) - 2022
The average import price for winches and capstans; powered by an electric motors stood at $211 per unit in 2022, reducing by -31.5% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2020 an increase of 202%. As a result, import price reached the peak level of $715 per unit. From 2021 to 2022, the average 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 China ($214 per unit), while the price for Thailand stood at $45 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Winches and Capstans; Powered by an Electric Motor in Myanmar
In 2022, imports of winches and capstans; powered by an electric motors into Myanmar dropped dramatically to 412 units, declining by -68.4% on the previous year's figure. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 530% against the previous year. Over the period under review, imports of attained the peak figure at 3.7K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of winches and capstans; powered by an electric motors dropped rapidly to $87K in 2022. In general, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 172% against the previous year. Imports peaked at $880K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Winches and Capstans; Powered by an Electric Motor in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 2.0 | 22.3 | 70.9 | -22.3% |
| Thailand | 7.8 | N/A | 155 | 3.6 | -22.7% |
| United Kingdom | 5.6 | N/A | N/A | N/A | 0% |
| Japan | 40.4 | 21.4 | 24.1 | N/A | -22.8% |
| Indonesia | 33.6 | 49.4 | 105 | N/A | 76.8% |
| Singapore | 55.6 | 22.4 | 19.2 | N/A | -41.2% |
| Netherlands | 411 | 27.4 | N/A | N/A | -93.3% |
| Others | 175 | 25.5 | 77.3 | 12.6 | -58.4% |
| Total | 880 | 148 | 403 | 87.1 | -53.7% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Myanmar in 2022:
- China (331.0 units)
- Thailand (80.0 units)
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