FUEL price hikes and inflation elevated the price of a two-wheeler up by K10,000, said U Moe Thee from Hamaya Japan Used Bike Trading.

“The monthly sales volume accumulates over 500 bikes which is a full container load. There are four wholesale suppliers in our city. About six to seven bikes are sold at a retail shop per day. The inflation and fuel price hike pushed the bike price up by K10,000,” he elaborated.

We can buy a container loaded with all kinds of bikes including mountain bikes, kid bikes and small and large bikes in Myawady. A container carries over 500 bikes. We have to pay tax at the Myawady trade zone.

“The fuel price jump posed transport difficulties, forcing commuters to turn to bikes. That is why bikes are traded every day. Earlier, motorbikes were more popular. Now, bikes have become a trend. The daily sales volume is estimated at six to seven bikes,” said Ko Hein Nyi Nyi from Hamaya Japan Used Bike Trading.

The used bikes from Japan are imported into the country through maritime trade with container ships. The second-hand bikes from Japan with good performances fetch up to K250,000-K300,000 per bike in the Monywa market. Kid bikes are being sold well at present. The prices of a kid bike move in the range of K120,000 and K160,000.

Lulay/GNLM

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