Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar - 2023
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar (CIF) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar (CIF) - 2022
The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $2,284 per ton in 2022, growing by 40% against the previous year. Overall, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 159% against the previous year. Over the period under review, average import prices hit record highs at $10,594 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($2,334 per ton), while the price for China totaled $1,727 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1,448.1%), while the prices for the other major suppliers experienced a decline.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar
In 2022, after two years of decline, there was significant growth in overseas purchases of machine-tools; parts and accessories, for the machines of heading no. 8464, when their volume increased by 2,631% to 77 tons. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 soared to $175K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.2 | N/A | N/A | 164 | 320.9% |
| China | 11.0 | 4.1 | 2.6 | 11.3 | 0.9% |
| South Korea | 5.3 | 3.0 | 0.2 | N/A | -80.6% |
| Germany | 63.0 | 18.3 | N/A | N/A | -71.0% |
| Others | 14.8 | 60.5 | 1.8 | 0.4 | -70.0% |
| Total | 96.3 | 85.9 | 4.6 | 175 | 22.0% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Myanmar in 2022:
- Thailand (70.1 tons)
- China (6.5 tons)
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