From January to November 2021, the bilateral import and export volume of goods between China and Myanmar was US$16,046.6 million, a decrease of US$507.1677 million compared with the same period in 2020, a year-on-year decrease of 3%.
From January to November 2021, the total value of China's exports to Myanmar was US$9,344.7604 million, a decrease of US$1,620.6727 million compared with the same period in 2020, a year-on-year decrease of 14.7%; the total value of China's imports from Myanmar was US$6,701.8349 million, compared with 2020. During the same period, it increased by 1,113,504,900 US dollars, a year-on-year increase of 19.9%.
As neighbors, China and Myanmar have a solid foundation for economic and trade exchanges. After years of development, Myanmar finally graduated from the ranks of the least developed countries in 2021. The head of the United Nations Representative Office in Myanmar said that Myanmar has met the three criteria for graduation from the ranks of the least developed countries in 2018. In addition, in 2021 Also up to par again. He said that after three to five years of reform and development, Myanmar will be completely removed from the ranks of the least developed countries. As an indispensable equipment in infrastructure construction, Dongqi Crane has provided more than ten sets of crane solutions for Myanmar customers in the past 2021. We believe that as Myanmar's economy continues to recover, the demand for cranes will also continue to expand. This article will analyze the size and development trend of the domestic crane market in Myanmar in 2022 by sorting out the import and export data of overhead cranes in Myanmar
Before we start discussing the aerial crane market in Myanmar, we have a few small questions that need to be answered first. Let’s take a look
The Overhead Crane Market in Myanmar shrank rapidly to USD X in 2020, down -X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). However, there was a strong increase in consumption during the period under review. The most significant growth rate occurred in 2017, when the market capitalization increased by X% year-on-year. As a result, consumption reaches a peak level of X dollars. From 2018 to 2020, market growth failed to regain momentum.
In 2020, about X fixed-stand overhead cranes were exported from Myanmar; standing about a year earlier. During the period under review, exports showed strong growth. During the period under review, exports peaked in 2020 and may continue to grow in the short term. Overhead crane exports in 2020 are X dollars by value. Overall, exports continue to show serious setbacks. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain momentum.
Singapura (X units) was the main destination for Myanmar’s overhead crane exports, accounting for about X% of total exports.
From 2007 to 2020, the average annual growth rate of freight traffic to Singapore has been relatively modest.
From 2007 to 2020, the average annual growth rate of value to Singapore was relatively modest.
In 2020, the number of fixed-support overhead cranes imported from Myanmar rapidly shrank to X units, down -X% from the previous year. Overall, however, imports showed strong growth. The growth rate was most pronounced in 2017, when imports rose by X% year-on-year. As a result, imports peaked at X units. From 2018 to 2020, import growth remained low.
In 2020, imports of overhead cranes dropped significantly to $X in value terms. However, imports grew significantly during the period under review. The most significant growth rate occurred in 2017, with an X% year-on-year increase. During the period under review, imports peaked at $X in 2013; however, from 2014 to 2020, imports declined slightly.
In 2020, Vietnam (X units) was the largest supplier of overhead cranes in Myanmar, accounting for X% of total imports. In addition, bridge cranes imported from Vietnam were twice as high as the number recorded by the second largest supplier, India (X units). Taiwan (China) (Taiwan X) occupies the third position in the ranking with an X% share.
From 2007 to 2020, the average annual growth rate of Vietnam's export volume totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: India (+X% per annum) and Taiwan (China) (+X% per annum).
India ($X) is the largest supplier of overhead cranes to Myanmar by value, accounting for X% of total imports. In second place is China ($X) with X% of total imports. It is followed by Vietnam with an X% share.
From 2007 to 2020, India's value has grown at an average annual rate of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X% per annum) and Vietnam (+X% per annum).
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