Myanmar: Spades And Shovels Market 2025

Spades And Shovels Market Size in Myanmar

The Myanmar's spades and shovels market fell rapidly to $X in 2021, reducing by -22.3% 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, however, continues to indicate significant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Spades And Shovels Exports

Exports from Myanmar

In 2021, shipments abroad of spades and shovels was finally on the rise to reach X kg after three years of decline. Over the period under review, exports, however, recorded a precipitous decline. The pace of growth was the most pronounced in 2013 with an increase of 254% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, spades and shovels exports dropped dramatically to $X in 2021. In general, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of 226%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X kg) was the main destination for spades and shovels exports from Myanmar, with a 85% share of total exports. Moreover, spades and shovels exports to Thailand exceeded the volume sent to the second major destination, Costa Rica (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled -26.5%.

In value terms, Thailand ($X) remains the key foreign market for spades and shovels exports from Myanmar, comprising 88% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled -33.7%.

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, waning by -55.4% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 140% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Costa Rica totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.6%), while the prices for the other major destinations experienced a decline.

Spades And Shovels Imports

Imports into Myanmar

In 2021, approx. X tons of spades and shovels were imported into Myanmar; dropping by -14% against the previous year. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 182% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spades and shovels imports fell notably to $X in 2021. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 241%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main spades and shovels supplier to Myanmar, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +50.5%.

In value terms, China ($X) constituted the largest supplier of spades and shovels to Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +37.0%.

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, which is down by -16.9% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -9.0% per year.

Source: IndexBox Platform

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