Report Update Nov 1, 2024

Myanmar - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Myanmar

The Myanmar's non-electric roasting furnace market stood at $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, continues to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 when the market value decreased by -47% against the previous year. Non-electric roasting furnace consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Myanmar

In value terms, non-electric roasting furnace production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Roasting Furnace Exports

Exports from Myanmar

In 2022, overseas shipments of non-electric furnaces and ovens for the roasting or melting decreased by 0% to X units, falling for the second year in a row after two years of decline. In general, exports showed a sharp contraction. The smallest decline of -66.7% was in 2019. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports stood at $X in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -51.4% was in 2020. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for non-electric roasting furnace exports from Myanmar, with a approx. 100% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2018 to 2022, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

In 2022, the average non-electric roasting furnace export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price recorded a significant decline. The most prominent rate of growth was recorded in 2020 a decrease of -51.4%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2018 to 2022, the rate of growth in terms of prices for China amounted to +73.3% per year.

Non-Electric Roasting Furnace Imports

Imports into Myanmar

In 2022, supplies from abroad of non-electric furnaces and ovens for the roasting or melting increased by 53% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 707% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. In general, imports recorded a tangible expansion. The growth pace was the most rapid in 2013 with an increase of 406%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), China (X units) and India (X units) were the main suppliers of non-electric roasting furnace imports to Myanmar, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and India ($X) were the largest non-electric roasting furnace suppliers to Myanmar, together comprising 98% of total imports. These countries were followed by Thailand, which accounted for a further 2%.

Among the main suppliers, Thailand, with a CAGR of +45.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, jumping by 216% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 225%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+77.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and Turkey, together comprising 36% of global consumption.

What are the largest producers of non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, India and Italy, together accounting for 40% of global production. The United States, Germany, Brazil, Russia, Mexico, Japan, Spain and Pakistan lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of non-electric furnaces and ovens for the roasting or melting to Myanmar?

In value terms, South Korea constituted the largest supplier of non-electric roasting furnace to Myanmar, comprising 78% of total imports. The second position in the ranking was occupied by Japan, with a 15% share of total imports. It was followed by Thailand, with a 3.2% share.

What is the average export price for non-electric furnaces and ovens for the roasting or melting in Myanmar?

The average non-electric roasting furnace export price stood at $3,087 per unit in 2019, declining by -54.8% against the previous year.

What is the average import price for non-electric furnaces and ovens for the roasting or melting in Myanmar?

In 2021, the average non-electric roasting furnace import price amounted to $5,224 per unit, falling by -3.3% against the previous year.

This report provides an in-depth analysis of the non-electric roasting furnace 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 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

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