Myanmar: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Myanmar

In 2021, after seven years of growth, there was significant decline in the Myanmar's market for parts of harvester and threshers, when its value decreased by -27.5% to $X. Overall, consumption, however, recorded a significant increase. Over the period under review, the market reached the peak level at $X in 2020, and then fell rapidly in the following year.

Exports of Parts Of Harvester And Threshers

Exports from Myanmar

Parts of harvester and threshers exports from Myanmar surged to X units in 2021, picking up by 31% on the previous year's figure. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +135.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, parts of harvester and threshers exports fell remarkably to $X in 2021. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 302% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units) was the main destination for parts of harvester and threshers exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +552.1%.

In value terms, Thailand ($X) emerged as the key foreign market for parts of harvester and threshers exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +266.6%.

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, declining by -81% against the previous year. Over the period under review, the export price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 an increase of 124% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +24.6% per year.

Imports of Parts Of Harvester And Threshers

Imports into Myanmar

In 2021, after seven years of growth, there was significant decline in supplies from abroad of parts of harvester and threshers, when their volume decreased by -20.8% to X units. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 329% against the previous year. Imports peaked at X units in 2020, and then contracted sharply in the following year.

In value terms, parts of harvester and threshers imports fell significantly to $X in 2021. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 315%. Imports peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of harvester and threshers to Myanmar, accounting for a 82% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), eightfold. The third position in this ranking was held by Japan (X units), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +87.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.3% per year) and Japan (+101.2% per year).

In value terms, China ($X) constituted the largest supplier of parts of harvester and threshers to Myanmar, comprising 51% of total imports. The second position in the ranking was held by Thailand ($X), with a 25% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +64.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.2% per year) and Japan (+113.4% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, reducing by -15.2% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 33%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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