Myanmar: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Myanmar

In 2022, the Myanmar's non-numerically controlled sharpening machine market decreased by -1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, showed a pronounced setback. Non-numerically controlled sharpening machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Myanmar

In value terms, non-numerically controlled sharpening machine production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 85%. Non-numerically controlled sharpening machine production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Myanmar

After two years of decline, overseas shipments of non-numerically controlled sharpening machines for working metal increased by 33% to X units in 2022. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 650% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports contracted notably to $X in 2022. Over the period under review, exports, however, recorded a sharp downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1,362%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Madagascar (X units) was the main destination for non-numerically controlled sharpening machine exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Madagascar was relatively modest.

In value terms, Madagascar ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Madagascar was relatively modest.

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, with a decrease of -95.4% against the previous year. Over the period under review, the export price saw a dramatic descent. The growth pace was the most rapid in 2014 when the average export price increased by 270%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.5% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Myanmar

In 2022, the amount of non-numerically controlled sharpening machines for working metal imported into Myanmar surged to X units, jumping by 266% on 2021 figures. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 1,556% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,133%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Myanmar, with a 82% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.6% per year) and Thailand (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Myanmar, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.6% per year) and Thailand (+33.1% per year).

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, declining by -18.4% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine import price increased by +13.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 146% against the previous year. The import price peaked at $X per unit in 2021, and then fell rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :