Report Update Nov 1, 2024

Myanmar - Machine-Tools for Drilling, Boring or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Myanmar

The Myanmar's machine-tool for drilling market surged to $X in 2022, increasing by 56% 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). In general, consumption showed a abrupt decrease. Machine-tool for drilling consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from Myanmar

In 2022, machine-tool for drilling exports from Myanmar surged to X units, growing by 338% against the previous year. Over the period under review, exports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 2,080% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports contracted rapidly to $X in 2022. In general, exports, however, showed a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 3,733%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) was the main destination for machine-tool for drilling exports from Myanmar, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at -25.1%.

In value terms, Vietnam ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled -93.0%.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, with a decrease of -99.1% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 639%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +56.3% per year.

Machine-Tool For Drilling Imports

Imports into Myanmar

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Myanmar declined to X units, shrinking by -5.9% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2015 when imports increased by 401%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. Overall, imports showed a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine-tool for drilling to Myanmar, with a 83% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+69.7% per year) and Japan (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Myanmar, comprising 82% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.7% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.1% per year) and Thailand (+3.8% per year).

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, with an increase of 66% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 523%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for drilling, boring or milling metal in the world?

China constituted the country with the largest volume of machine-tool for drilling consumption, comprising approx. 27% of total volume. Moreover, machine-tool for drilling consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the largest producers of machine-tools for drilling, boring or milling metal in the world?

The countries with the highest volumes of machine-tool for drilling production in 2021 were China, the Netherlands and Japan, with a combined 56% share of global production.

What are the leading suppliers of machine-tools for drilling, boring or milling metal to Myanmar?

In value terms, China constituted the largest supplier of machine-tool for drilling to Myanmar, comprising 44% of total imports. The second position in the ranking was occupied by Thailand, with a 17% share of total imports. It was followed by Taiwan Chinese), with a 14% share.

What is the average export price for machine-tools for drilling, boring or milling metal in Myanmar?

In 2020, the average machine-tool for drilling export price amounted to $15 per kg, growing by 189% against the previous year.

What is the average import price for machine-tools for drilling, boring or milling metal in Myanmar?

The average machine-tool for drilling import price stood at $10,705 per ton in 2021, picking up by 6.8% against the previous year.

This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling machines)

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