Myanmar: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Myanmar

The Myanmar's filling containers machinery market fell dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Filling Containers Machinery Exports

Exports from Myanmar

In 2019, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2019, the growth of the exports failed to regain momentum.

In value terms, filling containers machinery exports reduced notably to $X in 2019. Overall, exports saw a significant decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), Switzerland (X units) and Singapore (X units) were the main destinations of filling containers machinery exports from Myanmar.

From 2016 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2019, shrinking by X% against the previous year. Over the period under review, the export price showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X.5%).

Filling Containers Machinery Imports

Imports into Myanmar

In 2022, imports of machinery for filling, closing, sealing, capsuling or labelling containers into Myanmar soared to X units, increasing by X% compared with the year before. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, filling containers machinery imports fell significantly to $X in 2022. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest filling containers machinery supplier to Myanmar, with a X% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Myanmar, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

Import Prices by Country

The average filling containers machinery import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price faced a sharp setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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