Within the 2018-2023 timeframe, our forecast models predict growth from 7.9% p.a. in a low scenario to 9.6% p.a. in a high scenario. This should see the industry in Myanmar achieve revenues of between $70.6m to $76.8m by 2023.
The commercial industrial gases market in Myanmar was estimated to have generated revenues of $43.6m in 2018. This was up from just over $12.5m in 2008, indicating an average annual growth rate of 13.4% p.a. for the decade.
Between 2008 and 2018 GDP grew by an average of 10.2% p.a. The economy in Myanmar has developed rapidly over the course of the last decade, with GDP consistently posting strong growth.
Report Data: 2021
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential