Myanmar crane market surged to $X in 2020, up X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). Overall, consumption has grown significantly. The most significant growth rate occurred in 2010, with an X% year-on-year increase. During the period under review, the market peaked at $X in 2016; however, from 2017 to 2020, consumption has been at lower levels.
Myanmar crane export scale
In 2020, the number of cranes and mobile cranes exported from Myanmar is estimated to be X units, which is the same as the previous year. During the period under review, exports expanded elastically. In 2012, the growth rate was the fastest, with exports increasing by X% year-on-year. During the period under review, exports peaked at X units in 2018; however, from 2019 to 2020, exports failed to regain momentum.
Crane exports surged to $X in 2020 by value. Overall, exports showed a significant increase. As a result, exports peaked and may continue to grow in the short term.
Taiwan (China) (X units), Vietnam (X units) and Singapore (X units) are the main destinations for Myanmar crane exports. In addition, Taiwan (China) exports twice as many cranes as the second largest exporter, Vietnam.
From 2007 to 2020, among the major destination countries, the most significant growth rate in shipments was Taiwan (Mainland China), while exports from other leading countries showed a mixed trend. In value terms, Vietnam ($X) emerged as the main foreign market for Myanmar crane exports, accounting for X% of total exports. In second place is Singapore ($X) with X% of total exports.
From 2007 to 2020, the average annual growth rate of the value to Vietnam reached +X%. Exports to other major destinations recorded the following average annual export growth rates: Singapore (+X% per annum) and Taiwan (China) (X% per annum).
Myanmar Crane Import Scale
In 2020, about X cranes, mobile cranes were imported to Myanmar; X% increase over the previous year. Overall, imports increased significantly. The most significant growth rate occurred in 2010, with an X% year-on-year increase. During the period under review, imports reached an all-time high of X units in 2014; however, from 2015 to 2020, imports decreased slightly.
Crane imports surged to $X in 2020 by value. During the period under review, imports increased significantly. Imports peaked at $X in 2016; however, from 2017 to 2020, import volumes have remained low.
China (X units), Malaysia (X units) and Japan (X units) were the main suppliers of crane imports to Myanmar, accounting for X% of total imports.
From 2007 to 2020, the largest increase was in Malaysia (+X% per annum), while other leaders saw more modest increases in purchases.
Myanmar’s largest crane suppliers by value are Japan ($X), China ($X) and Malaysia ($X), which together account for X% of total imports. As far as major suppliers are concerned, Japan recorded the highest increase in the value of imports during the period under review, while other leading countries saw more modest increases in purchases
Statistics of various crane suppliers in Myanmar
Japan, China and Malaysia are Myanmar’s largest crane suppliers by value, together accounting for 86% of total imports.
In value terms, Vietnam emerged as the main foreign market for Myanmar’s crane exports, accounting for 81% of total exports. In second place is Singapore with 11% of total exports.
The average export price for cranes in 2020 was $70,191 per unit, an increase of 123% from the previous year.
The average price of crane imports in 2020 was $3,188 per unit, an increase of 12% from the previous year.
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