Report Update Nov 1, 2024

Myanmar - Grinding or Polishing Machines for Working Stone, Ceramics and Concrete - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Myanmar

The Myanmar's stone polishing machine market fell rapidly to $X in 2022, shrinking by -28.1% 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, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Stone Polishing Machine Exports

Exports from Myanmar

In 2022, exports of grinding or polishing machines for working stone, ceramics and concrete from Myanmar stood at X units, remaining stable against the year before. Overall, exports faced a deep contraction. The smallest decline of 99.9% was in 2019. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports dropped remarkably to $X in 2022. In general, exports recorded a deep reduction. Over the period under review, the exports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Thailand (X units) was the main destination for stone polishing machine exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Thailand stood at -15.9%.

In value terms, Thailand ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Myanmar.

From 2018 to 2022, the average annual rate of growth in terms of value to Thailand amounted to -12.8%.

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, waning by -50% against the previous year. In general, the export price, however, saw a tangible expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then fell notably in the following year.

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

From 2018 to 2022, the rate of growth in terms of prices for Thailand amounted to +3.7% per year.

Stone Polishing Machine Imports

Imports into Myanmar

In 2022, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete increased by 0.3% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 656% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, stone polishing machine imports shrank sharply to $X in 2022. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 600% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stone polishing machine to Myanmar, with a 72% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.7% per year) and Thailand (+16.4% per year).

In value terms, China ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Myanmar, comprising 76% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.2% per year) and Thailand (+27.2% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, dropping by -28.3% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 146%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding or polishing machines for working stone, ceramics and concrete in the world?

The countries with the highest volumes of in 2021 were Italy, the United States and South Africa, with a combined 51% share of global consumption. Brazil, Nigeria, China, Japan, Indonesia, Singapore, Spain, India, Thailand and Malaysia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of grinding or polishing machines for working stone, ceramics and concrete in the world?

Italy remains the largest stone polishing machine producing country worldwide, accounting for 46% of total volume. Moreover, stone polishing machine production in Italy exceeded the figures recorded by the second-largest producer, China, threefold. South Korea ranked third in terms of total production with a 10% share.

What are the leading suppliers of grinding or polishing machines for working stone, ceramics and concrete to Myanmar?

In value terms, Taiwan Chinese), China and South Korea constituted the largest stone polishing machine suppliers to Myanmar, with a combined 89% share of total imports.

What are the leading importers of grinding or polishing machines for working stone, ceramics and concrete from Myanmar?

In value terms, Hong Kong SAR emerged as the key foreign market for stone polishing machine exports from Myanmar, comprising 96% of total exports. The second position in the ranking was occupied by Thailand, with a 4.4% share of total exports.

What is the average export price for grinding or polishing machines for working stone, ceramics and concrete in Myanmar?

In 2021, the average stone polishing machine export price amounted to $708 per unit, waning by -41.1% against the previous year.

What is the average import price for grinding or polishing machines for working stone, ceramics and concrete in Myanmar?

In 2021, the average stone polishing machine import price amounted to $408 per unit, rising by 29% against the previous year.

This report provides an in-depth analysis of the stone polishing machine market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28491150 - Grinding or polishing machines for working stone, ceramics, c oncrete, asbestos-cement or like mineral materials or for cold working glass

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023