Myanmar: Disc Harrow Market 2022

Disc Harrow Market Size in Myanmar

The Myanmar's disc harrow market dropped sharply to $X in 2021, which is down by -X% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Disc harrow consumption peaked at $X in 2020, and then fell dramatically in the following year.

Disc Harrow Production in Myanmar

In value terms, disc harrow production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Disc Harrow Exports

Exports from Myanmar

In 2021, the amount of disc harrows exported from Myanmar was estimated at less than X units, leveling off at the previous year. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, disc harrow exports amounted to less than $X in 2021. Overall, exports saw a sharp reduction. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for disc harrow exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Thailand was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

The average disc harrow export price stood at $X per unit in 2015, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked in 2015 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2015, the rate of growth in terms of prices for Thailand amounted to X% per year.

Disc Harrow Imports

Imports into Myanmar

After two years of growth, purchases abroad of disc harrows decreased by -X% to X units in 2021. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, disc harrow imports contracted remarkably to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, Thailand (X units) constituted the largest disc harrow supplier to Myanmar, with a X% share of total imports. Moreover, disc harrow imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of disc harrow to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average disc harrow import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform