Price for Clock Movements; Complete and Assembled, Electrically Operated in Myanmar - 2023

Contents:

  1. Price for Clock Movements; Complete and Assembled, Electrically Operated in Myanmar (CIF) - 2022
  2. Imports of Clock Movements; Complete and Assembled, Electrically Operated in Myanmar

Price for Clock Movements; Complete and Assembled, Electrically Operated in Myanmar (CIF) - 2022

In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $0.2 per unit, dropping by -96.6% against the previous year. In general, the import price faced a sharp slump. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, average import prices attained the peak figure at $61 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2016 to 2022, the rate of growth in terms of prices for China amounted to -66.0% per year.

Imports of Clock Movements; Complete and Assembled, Electrically Operated in Myanmar

For the fourth year in a row, Myanmar recorded growth in supplies from abroad of clock movements; complete and assembled, electrically operateds, which increased by 8,099% to 99K units in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 40,300%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of clock movements; complete and assembled, electrically operateds skyrocketed to $19K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 66,340% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Clock Movements; Complete and Assembled, Electrically Operated in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.1N/A6.618.3467.7%
OthersN/AN/AN/A0.20%
Total0.1N/A6.618.5469.8%

Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to Myanmar in 2022:

  1. China (97.9K units)

Source: IndexBox Market Intelligence Platform

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