Report Update Nov 1, 2024

Myanmar - Lifting Equipment Designed for Mounting on Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Myanmar

The Myanmar's mounting lifting equipment market contracted significantly to $X in 2021, waning by -40.3% 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). Over the period under review, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports from Myanmar

In 2019, the amount of lifting equipment designed for mounting on road vehicles exported from Myanmar amounted to X units, approximately equating 2018. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, mounting lifting equipment exports stood at $X in 2019. In general, exports recorded a precipitous decrease. The smallest decline of 99.9% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for mounting lifting equipment exports from Myanmar, with a approx. 100% share of total exports.

From 2017 to 2019, the average annual rate of growth in terms of volume to Singapore was relatively modest.

From 2017 to 2019, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

In 2019, the average mounting lifting equipment export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2018 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2019, the export prices failed to regain momentum.

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

From 2017 to 2019, the rate of growth in terms of prices for Singapore amounted to 0.0% per year.

Mounting Lifting Equipment Imports

Imports into Myanmar

In 2021, approx. X units of lifting equipment designed for mounting on road vehicles were imported into Myanmar; with a decrease of -38.8% compared with 2020 figures. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 355%. Imports peaked at X units in 2020, and then declined notably in the following year.

In value terms, mounting lifting equipment imports fell significantly to $X in 2021. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of 155%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X units), Japan (X units) and China (X units) were the main suppliers of mounting lifting equipment imports to Myanmar, with a combined 94% share of total imports. Moreover, mounting lifting equipment imports in South Korea exceeded the figures recorded by the second-largest supplier, Japan, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to Myanmar, comprising 56% of total imports. The second position in the ranking was held by Japan ($X), with a 27% share of total imports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+27.7% per year) and Singapore (-6.2% per year).

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, reducing by -4.7% against the previous year. In general, the import price showed a pronounced descent. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4,851.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment consumption in 2020 were Belgium, China and the United States, together accounting for 52% of global consumption.

What are the largest producers of lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment production in 2020 were Belgium, China and the United States, together comprising 50% of global production.

What are the leading suppliers of lifting equipment designed for mounting on road vehicles to Myanmar?

In value terms, Japan constituted the largest supplier of mounting lifting equipment to Myanmar, comprising 94% of total imports. The second position in the ranking was occupied by Thailand, with a 6.3% share of total imports.

What is the average export price for lifting equipment designed for mounting on road vehicles in Myanmar?

In 2019, the average mounting lifting equipment export price amounted to $12,590 per unit, leveling off at the previous year.

What is the average import price for lifting equipment designed for mounting on road vehicles in Myanmar?

The average mounting lifting equipment import price stood at $13,894 per unit in 2020, with a decrease of -29.2% against the previous year.

This report provides an in-depth analysis of the mounting lifting equipment 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 28221460 - Lifting equipment designed for mounting on road vehicles

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