Report Update Nov 1, 2024

Myanmar - Transporter Cranes, Gantry Cranes and Bridge Cranes - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Myanmar

For the third consecutive year, the Myanmar's transporter and bridge cranes market recorded decline in sales value, which decreased by -6.7% to $X in 2021. Overall, consumption continues to indicate a abrupt decline. Transporter and bridge cranes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Myanmar

In value terms, transporter and bridge cranes production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 95%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Myanmar

Transporter and bridge cranes exports from Myanmar surged to X units in 2021, growing by 33% against the year before. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 571%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, transporter and bridge cranes exports skyrocketed to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 553%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Singapore (X units) was the main destination for transporter and bridge cranes exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +71.8%.

In value terms, Singapore ($X) also remains the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +73.9%.

Export Prices by Country

In 2021, the average transporter and bridge cranes export price amounted to $X per unit, picking up by 78% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 +1.2% per year.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Myanmar

In 2021, imports of transporter cranes, gantry cranes and bridge cranes into Myanmar plummeted to X units, waning by -95.3% on the previous year. Over the period under review, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of 162%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, transporter and bridge cranes imports fell markedly to $X in 2021. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2014 when imports increased by 173%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest transporter and bridge cranes supplier to Myanmar, accounting for a 50% share of total imports. Moreover, transporter and bridge cranes imports from Japan exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Indonesia (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-26.3% per year) and Indonesia (-22.1% per year).

In value terms, Japan ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Myanmar, comprising 56% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-27.0% per year) and Thailand (+10.1% per year).

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, waning by -17.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 24%. As a result, import price attained the peak level of $X per unit, and then dropped remarkably in the following year.

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 Taiwan (Chinese) ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.2%), 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 transporter cranes, gantry cranes and bridge cranes in the world?

China remains the largest transporter and bridge cranes consuming country worldwide, comprising approx. 31% of total volume. Moreover, transporter and bridge cranes consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, threefold. The third position in this ranking was occupied by Singapore, with a 6.7% share.

What are the largest producers of transporter cranes, gantry cranes and bridge cranes in the world?

The country with the largest volume of transporter and bridge cranes production was China, accounting for 47% of total volume. Moreover, transporter and bridge cranes production in China exceeded the figures recorded by the second-largest producer, South Africa, fivefold. Ireland ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of transporter cranes, gantry cranes and bridge cranes to Myanmar?

In value terms, Japan, China and the Netherlands constituted the largest transporter and bridge cranes suppliers to Myanmar, with a combined 77% share of total imports.

What is the average export price for transporter cranes, gantry cranes and bridge cranes in Myanmar?

The average transporter and bridge cranes export price stood at $210,000 per unit in 2020, increasing by 137% against the previous year.

What is the average import price for transporter cranes, gantry cranes and bridge cranes in Myanmar?

In 2021, the average transporter and bridge cranes import price amounted to $6,457 per unit, with a decrease of -30.3% against the previous year.

This report provides an in-depth analysis of the market for transporter and bridge cranes 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 28221435 - Transporter cranes, gantry cranes and bridge cranes

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
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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