Myanmar: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Myanmar

The Myanmar's market for pneumatic or hydraulic hand tools expanded markedly to $X in 2021, increasing by 5% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Myanmar

In value terms, pneumatic or hydraulic hand tool production rose modestly to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Myanmar

In 2021, shipments abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 626%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X kg), Malaysia (X kg) and Portugal (X kg) were the main destinations of pneumatic or hydraulic hand tool exports from Myanmar, together accounting for 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) emerged as the key foreign market for pneumatic or hydraulic hand tools exports from Myanmar, comprising 73% of total exports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total exports. It was followed by Portugal, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+11.4% per year) and Portugal (0.0% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, picking up by 218% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.5%).

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Myanmar

In 2021, overseas purchases of pneumatic or hydraulic hand tools increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 344%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 338% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Myanmar, with a 72% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+68.7% per year) and Singapore (+38.5% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Myanmar, comprising 74% of total imports. The second position in the ranking was held by France ($X), with a 6.7% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+64.1% per year) and Thailand (+21.7% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, which is down by -8.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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