Myanmar: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Myanmar

The Myanmar's outboard boat motors market was estimated at less than $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2016 when the market value decreased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Outboard Boat Motors Production in Myanmar

In value terms, outboard boat motors production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Outboard Boat Motors Exports

Exports from Myanmar

In 2016, after two years of growth, there was significant decline in shipments abroad of outboard motors for marine propulsion, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, outboard boat motors exports contracted dramatically to $X in 2016. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

China (X units) was the main destination for outboard boat motors exports from Myanmar, accounting for a X% share of total exports. Moreover, outboard boat motors exports to China exceeded the volume sent to the second major destination, France (X units), twofold.

From 2014 to 2016, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X.3% per year) and Germany (X% per year).

In value terms, China ($X) emerged as the key foreign market for outboard motors for marine propulsion exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2014 to 2016, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X.3% per year) and Germany (X% per year).

Export Prices by Country

In 2016, the average outboard boat motors export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, faced a abrupt curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2016, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2016, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2014 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Outboard Boat Motors Imports

Imports into Myanmar

In 2022, supplies from abroad of outboard motors for marine propulsion decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, outboard boat motors imports fell notably to $X in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) was the main supplier of outboard boat motors to Myanmar, accounting for a X% share of total imports. Moreover, outboard boat motors imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of outboard motors for marine propulsion to Myanmar, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average outboard boat motors import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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