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

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

The Myanmar's market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell markedly to $X in 2021, reducing by -26.9% against the previous year. Overall, consumption recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Myanmar

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell notably to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 77%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Myanmar

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exported from Myanmar soared to X tons, jumping by 20% compared with the previous year's figure. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 82%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Myanmar, accounting for a 98% share of total exports. It was followed by Germany (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +70.8%.

In value terms, Thailand ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Myanmar, comprising 99% of total exports. The second position in the ranking was held by Germany ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to +69.9%.

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2017 when the average export price increased by 5.4%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Myanmar

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -37.4% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 134%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell sharply to $X in 2021. In general, imports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2013 when imports increased by 121%. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to Myanmar, accounting for a 63% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.5% per year) and South Korea (+24.3% per year).

In value terms, China ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Myanmar, comprising 62% of total imports. The second position in the ranking was held by Thailand ($X), with a 13% share of total imports. It was followed by Austria, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.9% per year) and Austria (+12.4% per year).

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, with an increase of 1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 26%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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