Myanmar: Metal Treating Machine Market 2022

Metal Treating Machine Market Size in Myanmar

In 2021, after two years of growth, there was significant decline in the Myanmar's metal treating machine market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then fell sharply in the following year.

Metal Treating Machine Exports

Exports from Myanmar

In 2021, exports of machines for treating metal, having individual functions from Myanmar declined dramatically to less than X units, with a decrease of X% on 2020. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal treating machine exports shrank dramatically to less than $X in 2021. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for metal treating machine exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Singapore stood at +X%.

From 2012 to 2020, the average annual rate of growth in terms of value to Singapore stood at +X%.

Export Prices by Country

The average metal treating machine export price stood at $X per unit in 2020, with an increase of X% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Singapore amounted to -X% per year.

Metal Treating Machine Imports

Imports into Myanmar

In 2021, overseas purchases of machines for treating metal, having individual functions decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2020, and then fell notably in the following year.

In value terms, metal treating machine imports shrank rapidly to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal treating machine supplier to Myanmar, accounting for a X% share of total imports. Moreover, metal treating machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, the largest metal treating machine suppliers to Myanmar were China ($X) and South Korea ($X the main suppliers, China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average metal treating machine import price stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the import price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Market Intelligence Platform

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