Myanmar - Conveyor or Transmission Belts or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMyanmar: Market for Conveyor Or Transmission Belts Or Belting 2024
Market Size for Conveyor Or Transmission Belts Or Belting in Myanmar
For the third year in a row, the Myanmar's conveyor or transmission belt market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption saw pronounced growth. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.
Production of Conveyor Or Transmission Belts Or Belting in Myanmar
In value terms, conveyor or transmission belt production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.
Exports of Conveyor Or Transmission Belts Or Belting
Exports from Myanmar
In 2023, after two years of growth, there was significant decline in shipments abroad of conveyor or transmission belts or belting, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.
In value terms, conveyor or transmission belt exports contracted notably to $X in 2023. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.
Exports by Country
Canada (X tons) was the main destination for conveyor or transmission belt exports from Myanmar, with a X% share of total exports. Moreover, conveyor or transmission belt exports to Canada exceeded the volume sent to the second major destination, Serbia (X kg), more than tenfold.
From 2013 to 2023, the average annual rate of growth in terms of volume to Canada amounted to X%.
In value terms, Canada ($X) emerged as the key foreign market for conveyor or transmission belts or belting exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of value to Canada totaled X%.
Export Prices by Country
In 2023, the average conveyor or transmission belt export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Canada amounted to $X per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Imports of Conveyor Or Transmission Belts Or Belting
Imports into Myanmar
In 2023, after two years of growth, there was significant decline in supplies from abroad of conveyor or transmission belts or belting, when their volume decreased by X% to X tons. Over the period under review, imports recorded a mild shrinkage. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.
In value terms, conveyor or transmission belt imports dropped significantly to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, China (X tons) was the main supplier of conveyor or transmission belt to Myanmar, accounting for a X% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume from China was relatively modest.
In value terms, China ($X) constituted the largest supplier of conveyor or transmission belts or belting to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%.
Import Prices by Country
In 2023, the average conveyor or transmission belt import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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