Myanmar: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Myanmar

The Myanmar's market for diesel engines (other than for motor vehicles and aircraft) dropped significantly to $X in 2022, shrinking by -37.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Myanmar

In 2022, exports of diesel engines (other than for motor vehicles and aircraft) from Myanmar dropped remarkably to X units, waning by -54.5% compared with 2021 figures. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 180%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) declined remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 169% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +9.6%.

In value terms, India ($X) emerged as the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +16.9%.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, shrinking by -36.4% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2016 an increase of 111%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +87.9% per year.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Myanmar

Imports of diesel engines (other than for motor vehicles and aircraft) into Myanmar declined notably to X units in 2022, falling by -84.3% on the previous year's figure. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 260%. Over the period under review, imports of reached the maximum at X units in 2021, and then declined dramatically in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) plummeted to $X in 2022. Over the period under review, imports, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of 276% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of diesel engines (other than for motor vehicles and aircraft) to Myanmar, with a 92% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.6% per year) and the Netherlands (+55.8% per year).

In value terms, China ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Myanmar, comprising 94% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+101.8% per year) and Thailand (+3.3% per year).

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, surging by 300% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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