Speed Changer Price in Myanmar - 2022
Contents:
- Speed Changer Price in Myanmar (CIF) - 2022
- Speed Changer Price in Myanmar (FOB) - 2022
- Speed Changer Imports in Myanmar
- Speed Changer Exports in Myanmar
Speed Changer Price in Myanmar (CIF) - 2022
The average speed changer import price stood at $7,852 per ton in 2022, reducing by -23.3% against the previous year. Overall, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 15%. Over the period under review, average import prices attained the maximum at $23,000 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($8,458 per ton), while the price for Thailand ($2,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.8%), while the prices for the other major suppliers experienced a decline.
Speed Changer Price in Myanmar (FOB) - 2022
The average speed changer export price stood at $13,828 per ton in 2022, falling by -42.3% against the previous year. Overall, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 43%. The export price peaked at $23,948 per ton in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($18,333 per ton), while the average price for exports to Germany ($10,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.
Speed Changer Imports in Myanmar
In 2022, supplies from abroad of speed changers, industrial high-speed drives and gear increased by 36% to 771 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep downturn.
In value terms, speed changer imports stood at $6.1M in 2022. In general, imports, however, continue to indicate a abrupt downturn.
| Import of Speed Changer in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 5.6 | 3.9 | 4.9 | 3.7% |
| Japan | 1.7 | 1.3 | 0.7 | 0.5 | -33.5% |
| Thailand | 0.6 | 0.4 | 0.3 | 0.2 | -30.7% |
| India | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United States | 1.4 | 0.1 | N/A | N/A | -92.9% |
| Others | 2.8 | 0.7 | 0.8 | 0.3 | -52.5% |
| Total | 11.1 | 8.2 | 5.8 | 6.1 | -18.1% |
Top Suppliers of Speed Changer to Myanmar in 2022:
- China (591.4 tons)
- Thailand (91.0 tons)
- Japan (63.9 tons)
- India (16.7 tons)
- United States (0.9 tons)
Speed Changer Exports in Myanmar
After three years of growth, overseas shipments of speed changers, industrial high-speed drives and gear decreased by -98% to 64 kg in 2022. Over the period under review, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 3.2 tons, and then dropped sharply in the following year.
In value terms, speed changer exports fell dramatically to $885 in 2022. Overall, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. As a result, the exports attained the peak of $76K, and then reduced dramatically in the following year.
| Export of Speed Changer in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.3 | 0.4 | 0.5 | 0.8 | 38.7% |
| Vietnam | N/A | 19.6 | N/A | 0.1 | -92.9% |
| South Korea | 9.9 | 6.8 | N/A | N/A | -31.3% |
| China | N/A | N/A | 0.1 | N/A | 0% |
| Germany | 1.1 | 3.1 | 20.0 | N/A | 326.4% |
| United States | N/A | N/A | 53.9 | N/A | 0% |
| United Arab Emirates | 12.6 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 4.4 | 1.9 | N/A | 208.2% |
| Total | 24.1 | 34.4 | 76.3 | 0.9 | -66.6% |
Top Export Markets for Speed Changer from Myanmar in 2022:
- Singapore (56.0 kg)
- Vietnam (6.0 kg)
- Germany (1.0 kg)
- China (1.0 kg)
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