The haulage cranes and overhead cranes market in Myanmar contracted sharply to USD X in 2021, down -X% from the previous 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 continues to show a sharp decline. Consumption of haulage and overhead cranes peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Myanmar bridge crane and gantry crane export scale
Overseas shipments of haulage cranes, gantry cranes and overhead cranes fell -X% in 2021, falling below X units for the first time since 2018, ending a two-year downward trend. Overall, exports continued to show a sharp decline. As a result, exports peaked at X units. Export growth failed to regain momentum between 2014 and 2021.

In value terms, haulage and overhead crane exports shrink sharply to less than $X in 2021. Overall, exports have grown significantly. In 2020, the growth rate was most pronounced, with exports increasing by X% year-on-year. As a result, exports peaked at $X and then contracted significantly the following year.

Vietnam (X units) is the main destination for Myanmar’s transport and overhead crane exports, accounting for about X% of total exports.

From 2012 to 2020, the average annual growth rate of shipments to Vietnam was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Vietnam was relatively modest.

Myanmar bridge crane and gantry crane import scale
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were imported to Myanmar; -X% decrease compared to 2020. During the review period, imports fell sharply. The growth rate was most pronounced in 2014, with a year-on-year increase of X%. Imports peaked at X units in 2017; however, imports remain low from 2018 to 2021.

In value terms, 2021 imports of transport and overhead cranes dropped significantly to $X. Overall, imports fell slightly. The growth rate was most pronounced in 2020, with an X% year-on-year increase. Imports peaked at $X in 2017; however, imports declined slightly from 2018 to 2021.

In 2021, China (X units) is Myanmar’s largest supplier of transport cranes and overhead cranes, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from China were more than ten times higher than the numbers recorded by the second largest supplier, Indonesia (X units). Japan takes third place (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of Chinese exports is -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Indonesia (+X% per annum) and Japan (-X% per annum).

By value, Myanmar’s largest suppliers of transport cranes and overhead cranes are Japan (USD X), China (USD X) and the Netherlands (USD X), which together account for X% of total imports. In terms of major suppliers, the Netherlands had the highest import value growth rate during the period under review, with a CAGR of +X%, while other leading suppliers saw more modest growth in purchases.

Statistics of various crane suppliers in Myanmar
Japan, China and the Netherlands are Myanmar’s largest suppliers of transport and overhead cranes by value, together accounting for 77% of total imports.

In 2020, the average export price of transport cranes and overhead cranes was US$210,000 each, an increase of 137% over the previous year.

In 2021, the average import price of transport cranes and overhead cranes will be USD 6,457 per unit, a decrease of -30.3% from the previous year.

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Myanmar Overhead Cranes and Gantry Cranes Market Study 2022