Myanmar: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2022

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Myanmar

The Myanmar's market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank notably to $X in 2021, falling by -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). In general, consumption, however, faced a drastic downturn. Consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Myanmar

In 2021, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank sharply to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020, and then declined significantly in the following year.

Exports by Country

Singapore (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Myanmar, with a X% share of total exports. It was followed by Thailand (X units), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +X%.

In value terms, Singapore ($X) emerged as the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +X%.

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2021, waning by -X% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per unit), while the average price for exports to Singapore stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%).

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Myanmar

Imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids into Myanmar declined significantly to X units in 2021, waning by -X% on 2020. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids contracted markedly to $X in 2021. Overall, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier to Myanmar, accounting for a X% share of total imports. It was followed by Thailand (X units), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, faced a dramatic setback. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

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

Source: IndexBox Platform