Myanmar: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Myanmar

The Myanmar's driving and non-driving axle market shrank significantly to $X in 2021, waning by -62.8% 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 saw a perceptible downturn. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Myanmar

In 2021, shipments abroad of drive-axles with differential and non-driving axles decreased by -18.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 395% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, driving and non-driving axle exports fell dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 378% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) and Canada (X tons) were the main destinations of driving and non-driving axle exports from Myanmar.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +117.4%).

In value terms, Thailand ($X) and Canada ($X) appeared to be the largest markets for driving and non-driving axle exported from Myanmar worldwide.

In terms of the main countries of destination, Canada, with a CAGR of +110.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average driving and non-driving axle export price stood at $X per ton in 2021, declining by -5.9% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 184%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.2%), while the prices for the other major destinations experienced a decline.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Myanmar

Driving and non-driving axle imports into Myanmar fell rapidly to X tons in 2021, with a decrease of -55.2% compared with the previous year. Overall, imports showed a slight decrease. The pace of growth was the most pronounced in 2020 when imports increased by 116% against the previous year. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, driving and non-driving axle imports fell markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 99.9%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of driving and non-driving axle imports to Myanmar, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Japan ($X) appeared to be the largest driving and non-driving axle suppliers to Myanmar, with a combined 79% share of total imports.

Among the main suppliers, Japan, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of imports, 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 driving and non-driving axle import price amounted to $X per ton, with a decrease of -21.3% against the previous year. In general, the import price showed a pronounced descent. The growth pace was the most rapid in 2014 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+33.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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