Myanmar: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Myanmar

The Myanmar's industrial bakery machinery market dropped to $X in 2021, with a decrease of -X% against the previous year. Overall, consumption recorded a drastic downturn. Industrial bakery machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Production in Myanmar

In value terms, industrial bakery machinery production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports from Myanmar

Industrial bakery machinery exports from Myanmar stood at less than X units in 2021, remaining relatively unchanged against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial bakery machinery exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for industrial bakery machinery exports from Myanmar, with a approx. X% share of total exports.

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

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

Export Prices by Country

In 2015, the average industrial bakery machinery export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked in 2015 and is likely to continue growth in years to come.

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

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

Industrial Bakery Machinery Imports

Imports into Myanmar

In 2021, the amount of industrial bakery machinery imported into Myanmar reduced remarkably to X units, falling by -X% against the year before. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, industrial bakery machinery imports declined significantly to $X in 2021. In general, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of industrial bakery machinery imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest industrial bakery machinery suppliers to Myanmar, with a combined X% share of total imports. Germany, India, Thailand and the United States lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average industrial bakery machinery import price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform