Myanmar: Concrete Mixer Market 2024

Concrete Mixer Market Size in Myanmar

In 2021, the Myanmar's concrete mixer market decreased by -30.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, posted a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Concrete Mixer Exports

Exports from Myanmar

Concrete mixer exports from Myanmar rose modestly to X units in 2021, growing by 4.5% on 2020 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 733%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, concrete mixer exports stood at $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,239% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Thailand (X units) was the main destination for concrete mixer exports from Myanmar, accounting for a 95% share of total exports. Moreover, concrete mixer exports to Thailand exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Singapore (-18.1% per year).

In value terms, Thailand ($X) remains the key foreign market for concrete or mortar mixers exports from Myanmar, comprising 97% of total exports. The second position in the ranking was taken by Singapore ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+21.4% per year) and India (+6.0% per year).

Export Prices by Country

In 2021, the average concrete mixer export price amounted to $X per unit, with a decrease of -3.8% against the previous year. In general, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then fell modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+48.4%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Mixer Imports

Imports into Myanmar

In 2021, supplies from abroad of concrete or mortar mixers decreased by -17.5% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 160%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports contracted sharply to $X in 2021. Overall, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 140% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of concrete mixer to Myanmar, accounting for a 84% share of total imports. Moreover, concrete mixer imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was held by Germany (X units), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +114.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.7% per year) and Germany (+20.2% per year).

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Myanmar, comprising 70% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.8% share of total imports. It was followed by Singapore, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+64.2% per year) and Singapore (+36.5% per year).

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, with a decrease of -29.5% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 55% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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