Bicycle Tire Price in Myanmar - 2022
Contents:
- Bicycle Tire Price in Myanmar (CIF) - 2022
- Bicycle Tire Price in Myanmar (FOB) - 2022
- Bicycle Tire Imports in Myanmar
- Bicycle Tire Exports in Myanmar
Bicycle Tire Price in Myanmar (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $0.9 per unit, increasing by 18% against the previous year. In general, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $3.5 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($1.1 per unit), while the price for India ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-13.6%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Myanmar (FOB) - 2022
The average bicycle tire export price stood at $8 per unit in 2022, picking up by 39% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Slovakia.
From 2019 to 2022, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.
Bicycle Tire Imports in Myanmar
In 2022, supplies from abroad of new pneumatic tyres for bicycles was finally on the rise to reach 1.3M units after two years of decline. Overall, imports, however, showed a deep downturn. Imports peaked at 2.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bicycle tire imports skyrocketed to $1.1M in 2022. Over the period under review, imports, however, saw a deep slump. Over the period under review, imports reached the maximum at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Bicycle Tire in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 68.9 | 129 | 91.0 | 606 | 106.4% |
| Thailand | 108 | 114 | 47.2 | 231 | 28.8% |
| China | 1,080 | 135 | 70.8 | 206 | -42.4% |
| India | 54.4 | 53.7 | 36.5 | 35.6 | -13.2% |
| Others | 15.9 | 17.2 | 10.9 | N/A | -17.2% |
| Total | 1,327 | 448 | 256 | 1,078 | -6.7% |
Top Suppliers of Bicycle Tire to Myanmar in 2022:
- Vietnam (557.2K units)
- China (350.2K units)
- Thailand (280.4K units)
- India (67.8K units)
Bicycle Tire Exports in Myanmar
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by -76.5% to 4 units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a precipitous curtailment. Over the period under review, the exports hit record highs at 64 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bicycle tire exports declined sharply to $32 in 2022. Over the period under review, exports saw a dramatic curtailment. The exports peaked at $336 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Bicycle Tire in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | N/A | N/A | 32.0 | 0% |
| Cote d'Ivoire | N/A | N/A | 98.0 | N/A | 0% |
| Vietnam | 198 | N/A | N/A | N/A | 0% |
| Others | 138 | N/A | N/A | N/A | 0% |
| Total | 336 | N/A | 98.0 | 32.0 | -54.3% |
Top Export Markets for Bicycle Tire from Myanmar in 2022:
- Slovakia (4.0 units)
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