Myanmar - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Myanmar - 2022
Contents:
- Motor Vehicle Engine Price in Myanmar (CIF) - 2022
- Motor Vehicle Engine Price in Myanmar (FOB) - 2022
- Motor Vehicle Engine Imports in Myanmar
- Motor Vehicle Engine Exports in Myanmar
Motor Vehicle Engine Price in Myanmar (CIF) - 2022
The average motor vehicle engine import price stood at $22 per unit in 2022, rising by 6% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $28 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($113 per unit), while the price for Japan ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Myanmar (FOB) - 2022
The average motor vehicle engine export price stood at $10 per unit in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 161%. As a result, the export price attained the peak level of $33 per unit. From 2016 to 2022, the average 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 2022, the rate of growth in terms of prices for Thailand amounted to -6.3% per year.
Motor Vehicle Engine Imports in Myanmar
In 2022, approx. 579K units of motor vehicle engines (spark-ignition) were imported into Myanmar; reducing by -8.7% against the year before. Overall, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 7.2% against the previous year. Over the period under review, imports attained the peak figure at 660K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, motor vehicle engine imports declined modestly to $13M in 2022. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 6.8% against the previous year. Over the period under review, imports attained the peak figure at $16M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Motor Vehicle Engine in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.1 | 3.2 | 4.6 | 5.3 | 8.9% |
| China | 4.8 | 3.1 | 4.4 | 2.1 | -24.1% |
| Thailand | 0.4 | 0.8 | 0.8 | 1.9 | 68.1% |
| South Korea | 1.4 | 0.6 | 2.0 | 1.8 | 8.7% |
| Netherlands | 4.0 | 3.3 | N/A | N/A | -17.5% |
| Others | 1.2 | 1.0 | 1.2 | 1.4 | 5.3% |
| Total | 16.0 | 12.1 | 13.0 | 12.5 | -7.9% |
Top Suppliers of Motor Vehicle Engine to Myanmar in 2022:
- Japan (430.9K units)
- China (85.0K units)
- Thailand (26.4K units)
- South Korea (23.1K units)
Motor Vehicle Engine Exports in Myanmar
After two years of decline, shipments abroad of motor vehicle engines (spark-ignition) increased by 9.6% to 2.7K units in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at 3.2K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, motor vehicle engine exports skyrocketed to $28K in 2022. Overall, exports, however, showed a abrupt descent. The exports peaked at $43K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motor Vehicle Engine in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 40.1 | 31.8 | 21.6 | 27.7 | -11.6% |
| Others | 3.3 | 2.2 | N/A | N/A | -33.3% |
| Total | 43.4 | 34.0 | 21.6 | 27.7 | -13.9% |
Top Export Markets for Motor Vehicle Engine from Myanmar in 2022:
- Thailand (2.7K units)
This report provides an in-depth analysis of the motor vehicle engine market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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