Market Size of Myanmar Freight And Logistics Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.29 Billion |
| Market Size (2029) | USD 12.26 Billion |
| CAGR (2024 - 2029) | 10.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Myanmar Freight And Logistics Market Analysis
The Myanmar Freight And Logistics Market size is estimated at USD 7.29 billion in 2024, and is expected to reach USD 12.26 billion by 2029, growing at a CAGR of 10.96% during the forecast period (2024-2029).
The logistics sector in the country is under transformation, driven by increasing trade activity, improving connectivity, and the entry of major international players.
The lack of proper transport infrastructure has hindered the growth of the logistics sector in the country for many years. However, the ongoing developments in the country present a lot of opportunities for logistics players. The country's strategic geographical location is an important factor in attracting investments. The country's location has a special significance in the Asia-Pacific region, connecting the two major economies of China and India. The country acts like a continental bridge connecting the regions of South Asia, East Asia, and Southeast Asia.
More than three-fourths of the logistics players in the country are involved in the provision of common services, such as unloading, loading, customs clearance, and forwarding services. At the same time, the remaining companies provide value-added services, such as labeling, shipment tracking, and cold storage. As the demand for these services is growing, many companies are adding these kinds of services to their existing business portfolio.
The COVID-19 pandemic impacted many sectors of the economy, including logistics. Manufacturing, logistics, and retail sectors witnessed a high impact, primarily driven by demand and supply shocks, as supply chains were disrupted globally. In addition, the military coup in the country also impacted the logistics sector, with the suspension of flights causing freight rates to increase.
