Myanmar Logistics and Warehousing Market Outlook to 2023: Ken Research

The report titled “Myanmar Logistics and Warehousing Market Outlook to 2023 – By Road, Sea, Air and Rail Freight Forwarding; International and Domestic Freight, Integrated and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” provides a comprehensive analysis of the Logistics market in Myanmar. The report covers the overall size and future outlook of Myanmar Freight Forwarding, Warehousing, Courier Express and Parcel, 3PL and E Commerce Logistics market in terms of value, segmentation on the basis of service mix, by geography, by ownership and by type of industries. The report also covers the competitive landscape and company profiles of major Freight Forwarding, Warehousing and Express Logistics Companies in Myanmar. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges.

Myanmar Logistics Market Overview and Size

In 2011 Myanmar’s economy opened up to the rest of the world. Foreign investment has since then been steadily coming in, reaching USD 7.5 billion in 2018, 13% growth since 2013. International companies are looking at Myanmar as a potential growth market. One of the lucrative factors for investing in Myanmar is the abundant supply of natural resources and one of the cheapest labor costs in Asia. However, there has been underinvestment in Myanmar with respect to the transportation sector, with merely 5% of government expenditure going towards the Transport and Communications sector even though Transportation services contribute 11.2% to the GDP. More than 80% of enterprises in Transportation and Storage Sector in Myanmar are operating with only 0-9 workers. This suggests that the market is majorly unorganized.

Myanmar Logistics Market Segmentation

By Freight Forwarding

Despite a stunted economic growth before the liberalization initiative, freight forwarding has always been a prosperous industry in Myanmar due to its strategic location as the gateway between India and China and global sea connectivity through Yangon port. Road Freight contributes the highest share towards overall freight volume and revenues. Sea freight is the second largest contributor since Yangon Port is a major trans-shipment hub for Southeast Asia. Naturally, Industrial Sector is the major end user for freight forwarding services. Around 60% of value of imports in Myanmar is from capital goods such as building material, machinery, transport equipment and intermediate goods such as raw material, fuel, tools and spares.

By Warehousing

The Myanmar Warehousing industry is at nascent growth stage. Modern warehouses have just started developing and only a few are operational such as Daizen’s bonded warehouse and warehousing facility in Thilawa SEZ. International companies such as DHL and Damco have identified the gap in Myanmar’s warehousing services and are constantly focusing their activities towards developing warehousing services. Myanmar is a leading producer of food products and garments, both of which require storage solutions.

By Courier, Express and Parcel Logistics Market

Strict monopoly of Myanmar Post until 2013 hindered the growth of CEP market in Myanmar. The country ranked 126th out of 170 countries in the 2016 Integrated Index for Postal Development by the Universal Postal Union (UPU). UPU is now supporting Myanmar Post to aid its development and digitalization process. The Ministry of Transport and Communication and Japan’s Ministry of Internal Affairs and Communications have signed a memorandum of cooperation in the postal sector for the modernization and improvement of Myanmar’s postal services.

By Third Party Logistics Market

Due to infrastructural and regulatory hassles, logistics companies in Myanmar outsource certain operations while controlling core operations. For Example: CP Logistics outsources its fleet requirement in order to provide complete supply chain management. The market is dominated by numerous small and medium players for whom outsourcing is a primary strategy to sustain. The 3PL market is also being driven by innovations such as trucking aggregator models and the market is expected to incline more towards consolidation for mutual benefits.

By E Commerce Logistics Market

The recent and gradual liberalization of delivery services through partnership with third party logistics provides–after decades of strict monopoly by Myanmar Post for mail and small parcels–have enabled the development of a small e-commerce logistics market, primarily in urban regions of Yangon and Mandalay. Cross border e-commerce is still in the nascent growth stage, mainly due to custom clearance procedures in Myanmar which take 5-7 days as against the ideal standard of 1-2 days.

Competitive Landscape

There are around 4,000 logistics companies in Myanmar including 830+ trucking companies and 880+ domestic freight forwarders. Majority of the transporters are found in Yangon, Mandalay, Sittwe, Lashio, Muse and Myawaddy towns. The logistics market is still undeveloped and medium-sized transporters are operating mostly on the primary corridors. The market nature is highly fragmented. Since the cargo insurance system is weak in Myanmar, a lot of traders transport cargo with their owned trucks; therefore it is difficult for companies to specialize in a mode of transport. A number of mergers and acquisitions might happen in the future when private companies realize the symbiotic benefit of collaborating. Warehousing companies are placing rising emphasis on developing cold storage facilities and obtaining permits for building container freight stations and bonded warehouses.

Future Outlook and Projections

Myanmar Logistics and Warehousing Market is expected to register a double digit growth during 2018-2023. The reasons for the growth include heavy investment in logistics development by Myanmar government and international companies, expected increase in cargo throughput, development of SEZs and multimodal transport projects. The labour force in Myanmar is expected to reach 10 million by 2030, causing a lot of companies from Thailand and Japan to set up base in the country. Myanmar will benefit from new transport corridors through Myanmar to India, Thailand and Malaysia, as a part of China’s One Belt One Road initiative. Freight volume is projected to almost double by 2023, a major reason for high growth projections.

Key Segments Covered:-

Freight Forwarding Market

Revenue by Mode of Freight Transport

Road Freight (Domestic and International Volume, FTK and Revenue; Number of Registered Vehicles)

Ocean Freight (Domestic and International Volume, FTK and Revenue; Volume by Commodity, Sea Port Statistics)

Air Freight (Domestic and International Volume, FTK and Revenue)

Rail Freight (Domestic and International Volume, FTK and Revenue; Volume by Commodity and Region)

Freight Revenue by Intercity Road Freight Corridors

Yangon-Mandalay

Yangon-Muse

Yangon-Myawaddy

Others

Revenue By International Road Freight Corridors

Mandalay-Muse-Kumning

Yangon-Myawaddy-Mae Sot

Mandalay-Tamu-Manipur

Revenue by 3PL and Integrated Logistics

3PL Revenue

Integrated Logistics

Revenue by End User

Industrial and Construction (Oil and Gas, Cement, Steel, Bricks, Tiles, Glass Products etc)

FMCG (Electronics, Household Goods, Toiletries etc)

F&B (Meat, Poultry, Seafood, Fruits, Vegetables, Packaged Drinks etc)

Retail (Garments, Cosmetics, Shoes, Bags etc)

Others (Automotive, Telecom, Technological, Pharmaceuticals and Others)

Warehousing Market

Revenue by Operation Model

Industrial/Retail

ICD/CFS

Cold Storage

Revenue by Type of Warehouse

General Warehouse

Open Yard

Chillers/Freezers

Ambient Warehouse

Bonded Warehouse

Revenue by Contract and Integrated Logistics

3PL

Integrated Logistics

Revenue by End User

Industrial and Construction (Oil and Gas, Cement, Steel, Bricks, Tiles, Glass Products etc)

FMCG (Electronics, Household Goods, Toiletries etc)

F&B (Meat, Poultry, Seafood, Fruits, Vegetables, Packaged Drinks etc)

Retail (Garments, Cosmetics, Shoes, Bags etc)

Others (Automotive, Telecom, Technological, Pharmaceuticals and Others)

Warehousing Space By Region

Yangon

Mandalay

Others States and Regions

Courier, Express and Parcel Logistics Market

Revenue by Segment

Mails and Documents

E-Commerce Parcels

Express Cargo

Express Cold Chain

Number of Shipments by Domestic and International

Domestic (Mails and Documents and E-Commerce Parcels)

International (Mails and Documents and E-Commerce Parcels)

Number of Shipments by Air and Ground Express

Air Express (Mails and Documents and E-Commerce Parcels)

Ground Express (Mails and Documents and E-Commerce Parcels)

3PL Logistics Market

Revenue by Segment

Freight Forwarding

Warehousing

Value Added Services

Third Party Freight Forwarding Revenue by Phase of Delivery

Hub-Hub

Hub-Spoke

Spoke-Door

Third Party Freight Forwarding Revenue by Domestic and International

Domestic

International (Inbound and Outbound)

International Third Party Freight Forwarding Revenue by Cargo Category

Raw Materials (Building material, machinery, cement, steel, glass, textiles and others)

Spare Parts (Electronic tools, transport equipment spares and other spares)

Finished Goods (Garments, Electronics, Shoes, Bags and others)

Snapshot on E-Commerce Logistics Market in Myanmar

Snapshot on Last Mile Delivery Services in Myanmar

Companies Covered:-

DB Schenker

DHL

Yusen Logistics

Bollore Logistics

Rhenus Logistics

Kerry Logistics

Kuehne Nagel

OV Logistics

Maersk

Mediterranean Shipping Company

Kargo

Kospa Logistics

Damco

Ryobi Myanmar Distribution

CEA Project Logistics

Daizen

EMS

DHL Express

MGL Express

UCL Express

Royal Express

SBS Express

Myanmar Zarla Distribution

RG Express

Marathon Express

Key Target Audience:-

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Express Delivery Logistics Companies

Logistics/Warehousing Companies

Real Estate Companies/ Industrial Developers

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Key Topics Covered in the Report:-

Myanmar Logistics and Warehousing Market Introduction

Logistics Infrastructure

Value Chain in Myanmar Logistic Market

Myanmar Logistics and Warehousing Market Size

Myanmar Logistics and Warehousing Market Segmentation

Myanmar Logistics and Warehousing Market Future Outlook

Myanmar Logistics and Warehousing Market Future Segmentation

Myanmar Freight Forwarding Market Size

Myanmar Freight Forwarding Market Segmentation

Myanmar Freight Forwarding Market Future Outlook

Myanmar Freight Forwarding Market Future Segmentation

Myanmar Warehousing Market Size

Myanmar Warehousing Market Segmentation

Myanmar Warehousing Market Future Outlook

Myanmar Warehousing Market Future Segmentation

Myanmar CEP Logistics Market Size

Myanmar CEP Logistics Market Segmentation

Myanmar CEP Logistics Market Future Outlook

Myanmar CEP Logistics Market Future Segmentation

Snapshot on Myanmar E-Commerce Logistics Market

Snapshot on Myanmar Last Mile Delivery Services Market

Myanmar 3PL Market Size

Myanmar 3PL Market Segmentation

Myanmar 3PL Market Future Outlook

Myanmar 3PL Market Future Segmentation

Regulatory Environment

Trends and Developments

Issues and Challenges

Analyst Recommendation

For more information, refer to below link:-

Myanmar Logistics and Warehousing Market

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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