Myanmar: Unit Construction Machine Market 2025

Unit Construction Machine Market Size in Myanmar

The Myanmar's unit construction machine market fell sharply to $X in 2022, reducing by X% against the previous year. Overall, consumption faced a sharp decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Unit Construction Machine Production in Myanmar

In value terms, unit construction machine production contracted remarkably to $X in 2022 estimated in export price. Overall, production showed a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Unit Construction Machine Exports

Exports from Myanmar

In 2018, approx. X units of unit construction machines for working metal were exported from Myanmar; reducing by X% on 2017. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

In value terms, unit construction machine exports contracted significantly to $X in 2018. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

Singapore (X units) was the main destination for unit construction machine exports from Myanmar, accounting for a X% share of total exports. Moreover, unit construction machine exports to Singapore exceeded the volume sent to the second major destination, Thailand (X units), more than tenfold.

From 2015 to 2018, the average annual rate of growth in terms of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for unit construction machines for working metal exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

In 2018, the average unit construction machine export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2018 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2018, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Thailand amounted to $X per unit.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

Unit Construction Machine Imports

Imports into Myanmar

After three years of growth, supplies from abroad of unit construction machines for working metal decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, unit construction machine imports fell dramatically to $X in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of unit construction machine to Myanmar, with a approx. X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of unit construction machines for working metal to Myanmar.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average unit construction machine import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform

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