Price for Tractors; (Other than Tractors of Heading No 8709) in Myanmar - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Myanmar (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Myanmar (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Myanmar
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Myanmar
Price for Tractors; (Other than Tractors of Heading No 8709) in Myanmar (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $1,457 per unit, dropping by -14.5% against the previous year. In general, the import price faced a sharp slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 91% against the previous year. Over the period under review, average import prices reached the peak figure at $28,383 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($6,315 per unit), while the price for Cameroon ($125 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+16.6%), while the prices for the other major suppliers experienced a decline.
Price for Tractors; (Other than Tractors of Heading No 8709) in Myanmar (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $14,402 per unit, which is down by -26.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 139%. As a result, the export price reached the peak level of $35,571 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($25,077 per unit), while the average price for exports to the Philippines ($5,269 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Myanmar
In 2022, supplies from abroad of tractors; (other than tractors of heading no 8709)s decreased by -33.5% to 22K units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 103% against the previous year. As a result, imports reached the peak of 163K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s declined notably to $32M in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 57%. As a result, imports attained the peak of $145M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Tractors; (Other than Tractors of Heading No 8709) in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 45.4 | 93.8 | 26.8 | 9.8 | -40.0% |
India | 20.0 | 25.2 | 13.0 | 8.3 | -25.4% |
Thailand | 15.2 | 12.1 | 6.5 | 5.7 | -27.9% |
Cameroon | N/A | N/A | N/A | 1.0 | 0% |
Others | 11.9 | 14.3 | 9.5 | 6.9 | -16.6% |
Total | 92.5 | 145 | 55.8 | 31.7 | -30.0% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Myanmar in 2022:
- Cameroon (7.7K units)
- Thailand (7.3K units)
- China (4.4K units)
- India (1.6K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Myanmar
In 2022, exports of tractors; (other than tractors of heading no 8709)s from Myanmar skyrocketed to 19 units, surging by 171% against the year before. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $274K in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 234%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
Export of Tractors; (Other than Tractors of Heading No 8709) in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 0.1 | 21.0 | 7.9 | 231 | 1221.9% |
South Korea | 4.8 | 16.2 | 11.5 | 25.1 | 73.6% |
China | 1.1 | 4.8 | 4.4 | 12.2 | 123.0% |
Philippines | 68.2 | 141 | 30.1 | 5.3 | -57.3% |
Malaysia | N/A | 66.2 | N/A | N/A | 0% |
Indonesia | N/A | N/A | 83.7 | N/A | 0% |
Singapore | 0.3 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 74.6 | 249 | 138 | 274 | 54.3% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Myanmar in 2022:
- Thailand (15.0 units)
- China (2.0 units)
- Philippines (1.0 units)
- South Korea (1.0 units)
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