Report Update Nov 1, 2024

Myanmar - Ships’ or Boats’ Propellers and Blades Therefor - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Ship Propeller Market 2024

Ship Propeller Market Size in Myanmar

The Myanmar's ship propeller market skyrocketed to $X in 2022, with an increase of 261% 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 continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ship Propeller Exports

Exports from Myanmar

After three years of growth, shipments abroad of ships’ or boats’ propellers and blades therefor decreased by -2.2% to X tons in 2021. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 151% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ship propeller exports totaled $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 174% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for ship propeller exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +12.1%.

In value terms, Singapore ($X) also remains the key foreign market for ships’ or boats’ propellers and blades therefor exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +20.2%.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2021, surging by 3.2% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +7.2% per year.

Ship Propeller Imports

Imports into Myanmar

In 2022, the amount of ships’ or boats’ propellers and blades therefor imported into Myanmar soared to X tons, growing by 246% against the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports reduced rapidly to $X in 2022. Overall, imports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of 139%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ship propeller to Myanmar, with a 85% share of total imports. Moreover, ship propeller imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +35.3%.

In value terms, China ($X) constituted the largest supplier of ships’ or boats’ propellers and blades therefor to Myanmar, comprising 76% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.9%.

Import Prices by Country

The average ship propeller import price stood at $X per ton in 2022, shrinking by -87.2% against the previous year. Over the period under review, the import price continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 67% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-24.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, together comprising 75% of global consumption. Nigeria, the Netherlands and Germany lagged somewhat behind, together comprising a further 14%.

What are the largest producers of ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, with a combined 79% share of global production. These countries were followed by Italy and Germany, which together accounted for a further 12%.

What are the leading suppliers of ships’ or boats’ propellers and blades therefor to Myanmar?

In value terms, China constituted the largest supplier of ship propeller to Myanmar, comprising 68% of total imports. The second position in the ranking was occupied by Thailand, with a 10% share of total imports.

What are the leading importers of ships’ or boats’ propellers and blades therefor from Myanmar?

In value terms, Singapore remains the key foreign market for ship propeller exports from Myanmar.

What is the average export price for ships’ or boats’ propellers and blades therefor in Myanmar?

The average ship propeller export price stood at $12,176 per ton in 2021, rising by 3.2% against the previous year.

What is the average import price for ships’ or boats’ propellers and blades therefor in Myanmar?

In 2021, the average ship propeller import price amounted to $1,529 per ton, falling by -87.3% against the previous year.

This report provides an in-depth analysis of the ship propeller 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 25992600 - Shipsu2019 or boatsu2019 propellers and blades therefor

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