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Myanmar Freight and Logistics Market size was valued at USD 6.55 Billion in 2024 and is projected to reach USD 11.3 Billion by 2031, growing at a CAGR of 11% during the forecast period 2024-2031.Myanmar Freight and Logistics Market Drivers1. Expanding Economic Development and TradeMyanmar is a vital trading hub because of its advantageous location between China, India, and Southeast Asia.The demand for logistics is rising as a result of increased trade agreements and foreign direct investment (FDI).2. Development of Infrastructure and Enhancements to ConnectivityThe efficiency of goods transportation is increasing as a result of government measures to improve port, airport, rail, and road infrastructure.The expansion of logistics is being driven by important initiatives like the Thilawa Special Economic Zone (SEZ) and the China-Myanmar Economic Corridor (CMEC).3. Growing Retail and E-Commerce GrowthAs more people use smartphones and the internet, Myanmar's e-commerce industry is expanding.In order to satisfy growing customer demand, businesses are investing in last-mile delivery solutions.
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The Myanmar's market for toilet paper, napkins, towels and tissue stock totaled $667M in 2024, increasing by 1.8% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $702M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.
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The Myanmar Freight And Logistics Market report segments the industry into By Function (Freight Transport, Freight Forwarding, Warehousing, Value-Added Services And Other Functions) and By End Users (Manufacturing And Automotive, Oil And Gas, Mining, And Quarrying, Agriculture, Fishing, And Forestry, Construction, Distributive Trade (Wholesale And Retail Segments - FMCG Included), and more).
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Price for Calendars and Trade Advertising Material in Myanmar - 2022. Find the latest marketing data on the IndexBox platform.
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For the third year in a row, the Myanmar's non-domestic heat exchange unit market recorded decline in sales value, which decreased by -92.6% to $171K in 2024. Overall, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $96M in 2015; however, from 2016 to 2024, consumption failed to regain momentum.
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In 2023, purchases abroad of non-domestic heat exchange units decreased by -14.4% to 1.1K units, falling for the second year in a row after two years of growth.
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https://www.verifiedmarketresearch.com/privacy-policy/https://www.verifiedmarketresearch.com/privacy-policy/
Myanmar Freight and Logistics Market size was valued at USD 6.55 Billion in 2024 and is projected to reach USD 11.3 Billion by 2031, growing at a CAGR of 11% during the forecast period 2024-2031.Myanmar Freight and Logistics Market Drivers1. Expanding Economic Development and TradeMyanmar is a vital trading hub because of its advantageous location between China, India, and Southeast Asia.The demand for logistics is rising as a result of increased trade agreements and foreign direct investment (FDI).2. Development of Infrastructure and Enhancements to ConnectivityThe efficiency of goods transportation is increasing as a result of government measures to improve port, airport, rail, and road infrastructure.The expansion of logistics is being driven by important initiatives like the Thilawa Special Economic Zone (SEZ) and the China-Myanmar Economic Corridor (CMEC).3. Growing Retail and E-Commerce GrowthAs more people use smartphones and the internet, Myanmar's e-commerce industry is expanding.In order to satisfy growing customer demand, businesses are investing in last-mile delivery solutions.