Myanmar: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Myanmar

In 2021, the Myanmar's market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -54.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, posted a resilient expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Myanmar

In 2021, overseas shipments of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by 0% to X units, falling for the third consecutive year after four years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables totaled $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 224%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

China (X units) was the main destination for exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Myanmar, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

From 2013 to 2021, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2021, the average export price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 62% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for South Korea amounted to +19.5% per year.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Myanmar

In 2021, after three years of growth, there was significant decline in purchases abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables, when their volume decreased by -59.8% to X units. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 327% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2020, and then contracted markedly in the following year.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables reduced dramatically to $X in 2021. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 when imports increased by 259% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest seed cleaning, sorting and grading machine supplier to Myanmar, accounting for a 65% share of total imports. Moreover, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. The third position in this ranking was held by the UK (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+55.1% per year) and the UK (+45.0% per year).

In value terms, China ($X) constituted the largest supplier of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to Myanmar, comprising 60% of total imports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+39.1% per year) and the UK (+29.2% per year).

Import Prices by Country

The average import price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X per unit in 2021, surging by 33% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 India ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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