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Myanmar Agriculture Equipment Market Value and Volume Increased Due to High Export of Agricultural Crops in the Neighbouring Countries: Ken Research
April 2021

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High Focus on Agriculture Sector: Myanmar has been an agriculture dependent country historically. Currently, agriculture sector employs more than 60% of the country’s population; therefore it is one of the top developmental priorities for the government. The agriculture sector accounted for one-third of the Myanmar Economy in 2011, valued at USD 19.5 Bn. However, it declined lately contributing to one-fourth of the economy, with a value of USD 17.5 Bn. Therefore, in The National Export Strategy (NES) 2015-2018 and the updated NES 2025, special emphasis has been put on developing agriculture as a priority sector for exports. In agriculture, special focus has been given to rice, pulses, beans, oilseed crops, fishery, and rubber. The aim is to tackle the fluctuations in supply of agriculture products through a structured roadmap, by assigning financial, technical and institutional resources.

High Exports of Agricultural Products: Myanmar is the Asia’s largest pulses and beans exporter and second largest globally after Canada. Till the Financial Year, 2016-2017, agri-commodity contributed the highest foreign exchange for Myanmar. During 1st October 2018 to 31st August 2019, the country earned about USD 930 Mn from exporting about 1.5 Mn Tons of different beans and pulses. India majorly imports mung beans and pigeon peas whereas China and other European nations import green gram. Paddy comprised of 30.7% of the agriculture products and 4% of the total products exported from Myanmar in 2018-2019 on the basis of value. Major regions where rice & rice products (Paddy) are exported are China, Philippines, Cameroon, Belgium, Netherlands, Indonesia, Vietnam and others South East Asian & European Countries.

Developing Modern and Mechanized Agriculture:  Developing mechanized agriculture is one of the key priorities for the government. Farmers are motivated to use more machine equipments to increase the crop productivity, resulting in higher yield. Government has also worked upon implementing an efficient funding system so that farmers can avail loans easily, and work upon exporting agro-commodities and produce value added finished goods.

The report titled “Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government's Focus on Agriculture Mechanization in the Country” by Ken Research provides a comprehensive analysis on the performance of the agriculture machinery market in Myanmar. The report covers various aspects including sales value, volume, trends & developments, issues & challenges faced by the industry, competition landscape, financing players, and others. It also covers the country overview, regulatory framework, agricultural overview of Myanmar, land under cultivation, changes in the cropping patterns, farm holding structure & scale of mechanization. The report  concludes with the projections for the future of industry including forecasted sales value and volume; future projections by product type and regional demand by the year ending 2025, COVID-19 impact, and analyst recommendations highlighting the major opportunities and cautions in the industry.  The market is expected to register a positive six year CAGR of 25.1% and 27.1% in terms of sales value and volume respectively during the forecast period 2020-2025. Tractors market, combine harvesters market  and implements market in Myanmar is further expected to grow at revenue CAGR of 30.0%,  18.0% & 27.3% respectively and volume CAGR of 30.0% & 18.0% respectively during forecast period 2020-2025.

Key Segments Covered:

Total Myanmar Agriculture Machinery Market: By Product Type

Tractors

Combine Harvesters

Implements

Myanmar Tractor Market

By Product Type

Two Wheeler Tractor

Four Wheeler Tractor

By Power

Less than 40HP

From 40HP to 70HP

Above 70HP

By State

North

Central

South

Myanmar Combine Harvester Market

By State

North

Central

South

Companies Covered

Kubota Myanmar Co., Ltd.

Sonalika

Yanmar Myanmar Co., Ltd.

New Holland

John Deere

Mahindra

Chinese Players (Dongfeng, Iseki, Shifeng, Yto, Wuzheng Group and Others)

Key Target Audience

Agriculture Equipment Manufacturing Companies

Industry Associations

Regulatory Bodies

Financing Companies

Agriculture Equipment Distributors & Authorized Dealerships

Time Period Captured in the Report:-

Historical Period – 2014-2020

Forecast Period – 2020-2025

Key Target Audience

Agriculture Equipment Manufacturing Companies

Industry Associations

Regulatory Bodies

Financing Companies

Agriculture Equipment Distributors & Authorized Dealerships

Key Topics Covered in the Report:-

Executive Summary

Country Overview

Agriculture Overview in Myanmar

How do Farmers operate in Myanmar?

Supply Side of Myanmar Agriculture Machinery Market

Myanmar Tractors and Combine Harvesters Market, 2014-2025         

Snapshot on Rental Agriculture Equipment Business in Myanmar

Snapshot on Second Hand Machinery Market in Myanmar

Financing for Agriculture Machinery in Myanmar

Comparative Landscape in Myanmar Agriculture Machinery Market

Impact of COVID-19 on Myanmar Agriculture Machinery Market

Myanmar Future Outlook & Projections, 2020-2025

Analyst Recommendations

For More Information on The Research Report, Refer to Below Link:

Agriculture Machinery Market in Myanmar

Related Reports:-

Thailand Agricultural Machinery Market Outlook to 2025 – Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market”

US Tractor and Combine Harvesters Market Outlook to 2024 – By Tractor Type (2WD and 4WD), By Tractor HP (<40 HP, 40-100 HP and >100 HP) and By Combine Harvester HP (Upto 250 HP, 250-350 HP and Above 350 HP)

Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249