Myanmar: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Myanmar

In 2021, the Myanmar's market for in-hand motor grinders, sanders and planers decreased by -21.3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, enjoyed a resilient increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Myanmar

For the third consecutive year, Myanmar recorded growth in shipments abroad of in-hand motor grinders, sanders and planers, which increased by 32% to X units in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 1,333%. Over the period under review, the exports of reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, exports of in-hand motor grinders, sanders and planers rose notably to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 1,026% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Bolivia (X units) and Saudi Arabia (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Myanmar.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of 0.0%).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Myanmar, comprising 80% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, which is down by -20.3% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 137% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Bolivia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+216.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Myanmar

In 2021, overseas purchases of in-hand motor grinders, sanders and planers decreased by -16.4% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,174% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers declined significantly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1,063% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Myanmar, with a 90% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was taken by Singapore (X units), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.4% per year) and Singapore (-43.2% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Myanmar, comprising 90% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.5% share of total imports. It was followed by Singapore, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+25.0% per year) and Singapore (-36.7% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with a decrease of -13% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2014 when the average import price increased by 35%. 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 country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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