Weaving Machines (Looms) Price in Myanmar - 2022
Contents:
Weaving Machines (Looms) Price in Myanmar (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $1,656 per unit, reducing by -18.1% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $2,022 per unit in 2021, and then dropped dramatically in the following year.
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 ($1,814 per unit), while the price for Switzerland totaled $66 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+33.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Weaving Machines (Looms) Imports in Myanmar
In 2022, supplies from abroad of weaving machines (looms)s was finally on the rise to reach 406 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt descent. Over the period under review, imports hit record highs at 520 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, weaving machines (looms) imports surged to $672K in 2022. In general, imports, however, recorded a pronounced shrinkage. Over the period under review, imports reached the maximum at $750K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weaving Machines (Looms) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 569 | 257 | 198 | 664 | 5.3% |
| Switzerland | N/A | N/A | N/A | 2.5 | 0% |
| Swaziland | 0.7 | N/A | N/A | N/A | 0% |
| Malaysia | 31.3 | 25.9 | 24.2 | N/A | -12.1% |
| India | 90.1 | 83.9 | 87.9 | N/A | -1.2% |
| Others | 58.7 | 27.6 | 23.0 | 6.0 | -53.2% |
| Total | 750 | 394 | 334 | 672 | -3.6% |
Top Suppliers of Weaving Machines (Looms) to Myanmar in 2022:
- China (366.0 units)
- Switzerland (38.0 units)
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