Myanmar: Hand Tools Market 2025

Hand Tools Market Size in Myanmar

In 2021, the Myanmar's hand tools market increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +12.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.4% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Hand Tools Exports

Exports from Myanmar

Hand tools exports from Myanmar contracted markedly to X tons in 2021, reducing by -31.9% on the year before. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 127% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, hand tools exports stood at $X in 2021. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 149%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), Singapore (X tons) and Malaysia (X tons) were the main destinations of hand tools exports from Myanmar, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +15.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) remains the key foreign market for hand tools exports from Myanmar, comprising 77% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total exports. It was followed by Singapore, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+14.8% per year) and Singapore (+21.3% per year).

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, with an increase of 48% against the previous year. In general, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of 122% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+193.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Myanmar

In 2021, the amount of hand tools imported into Myanmar soared to X tons, picking up by 18% against 2020 figures. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +14.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 83%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hand tools imports soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 57%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest hand tools supplier to Myanmar, with a 78% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. India (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.7% per year) and India (+5.8% per year).

In value terms, China ($X), Thailand ($X) and Singapore ($X) were the largest hand tools suppliers to Myanmar, together comprising 77% of total imports.

Thailand, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 hand tools import price amounted to $X per ton, surging by 14% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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