Report Update Nov 1, 2024

Myanmar - Bicycles and Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Bicycle Market 2024

Bicycle Market Size in Myanmar

In 2021, the Myanmar's bicycle market decreased by -23.4% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a noticeable reduction. Bicycle consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Bicycle Production in Myanmar

In value terms, bicycle production fell modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 218% against the previous year. Bicycle production peaked at $X in 2020, and then reduced slightly in the following year.

Bicycle Exports

Exports from Myanmar

For the third consecutive year, Myanmar recorded growth in shipments abroad of bicycles and other cycles, which increased by 69% to X units in 2021. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 4,350%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, bicycle exports soared to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 10,898%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Canada (X units), Singapore (X units) and Finland (X units) were the main destinations of bicycle exports from Myanmar, together comprising 97% of total exports.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +3,400.0%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for bicycles and other cycles exports from Myanmar, comprising 76% of total exports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total exports. It was followed by Finland, with a 2.6% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Canada stood at +91.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+3,175.7% per year) and Finland (0.0% per year).

Export Prices by Country

The average bicycle export price stood at $X per unit in 2021, reducing by -21% against the previous year. Overall, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 115%. As a result, the export price reached the peak level of $X per unit, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.3%), while the prices for the other major destinations experienced a decline.

Bicycle Imports

Imports into Myanmar

In 2021, the amount of bicycles and other cycles imported into Myanmar reduced sharply to X units, shrinking by -34.3% on 2020 figures. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by 33%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, bicycle imports contracted notably to $X in 2021. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 when imports increased by 63%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of bicycle imports to Myanmar, together accounting for 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +154.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to Myanmar, comprising 63% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.0% per year) and Japan (+105.0% per year).

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2015 an increase of 42%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bicycles and other cycles in the world?

South Africa remains the largest bicycle consuming country worldwide, accounting for 47% of total volume. Moreover, bicycle consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of bicycles and other cycles in the world?

China remains the largest bicycle producing country worldwide, comprising approx. 61% of total volume. Moreover, bicycle production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Brazil, with a 4.7% share.

What are the leading suppliers of bicycles and other cycles to Myanmar?

In value terms, China, Japan and Thailand constituted the largest bicycle suppliers to Myanmar, with a combined 98% share of total imports.

What are the leading importers of bicycles and other cycles from Myanmar?

In value terms, Australia, Finland and Japan constituted the largest markets for bicycle exported from Myanmar worldwide, with a combined 89% share of total exports. These countries were followed by the United States, New Zealand and Thailand, which together accounted for a further 11%.

What is the average export price for bicycles and other cycles in Myanmar?

The average bicycle export price stood at $413 per unit in 2021, jumping by 1,160% against the previous year.

What is the average import price for bicycles and other cycles in Myanmar?

In 2021, the average bicycle import price amounted to $78 per unit, rising by 2.8% against the previous year.

This report provides an in-depth analysis of the bicycle 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 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
Prodcom 30921030 -
Prodcom 30921050 -

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023