Price for Clock or Watch Parts; Dials in Myanmar - 2022

Contents:

1. Price for Clock or Watch Parts; Dials in Myanmar (CIF) - 2022
2. Price for Clock or Watch Parts; Dials in Myanmar (FOB) - 2022
3. Imports of Clock or Watch Parts; Dials in Myanmar
4. Exports of Clock or Watch Parts; Dials in Myanmar

Price for Clock or Watch Parts; Dials in Myanmar (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $2,960 per unit, with an increase of 35% against the previous year. Overall, the import price continues to indicate significant growth. The pace of growth appeared the most rapid in 2018 an increase of 1,049% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($38 per unit), while the price for China amounted to $20 per unit.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced a decline.

Price for Clock or Watch Parts; Dials in Myanmar (FOB) - 2022

In 2022, the average export price for clock or watch parts; dialses amounted to $691 per unit, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2014 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -9.2% per year.

Imports of Clock or Watch Parts; Dials in Myanmar

For the third year in a row, Myanmar recorded decline in purchases abroad of clock or watch parts; dialses, which decreased by 0% to 3 units in 2022. Over the period under review, imports recorded a dramatic contraction. The smallest decline of -24.7% was in 2020. Over the period under review, imports hit record highs at 77 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials imports surged to $8.9K in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 232%. As a result, imports attained the peak of $50K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Clock or Watch Parts; Dials to Myanmar in 2022:

1. China (334.0 units)
2. Thailand (56.0 units)

Exports of Clock or Watch Parts; Dials in Myanmar

In 2022, clock or watch parts; dials exports from Myanmar stood at 39 units, flattening at the previous year's figure. Over the period under review, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2021. The exports peaked at 78 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, clock or watch parts; dials exports stood at $27K in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 380%. As a result, the exports attained the peak of $54K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Clock or Watch Parts; Dials from Myanmar in 2022:

1. Germany (14.1K units)

Source: IndexBox Market Intelligence Platform