Myanmar Vehicles Market in 2025 spikes towards year-end. Full-year sales grew by 59.6%, with BYD securing a 34.2% share while grwoing 68.3%. The chinese carmaker also drove EV sector’s expansion to capture almost the entirety of the market.
Economic Environment
In 2025, Myanmar’s economy showed only tentative signs of stabilisation, remaining under heavy strain from the March earthquake, ongoing conflict, and deep structural weaknesses. While firms operated at higher capacity toward the end of the year, the kyat appreciated steadily, and inflation eased somewhat, overall economic conditions stayed fragile as weak domestic demand, labour shortages, and chronic power outages continued to weigh on activity.
Real GDP is now projected to contract by around 2.0% in the fiscal year ending March 2026, an improvement from earlier estimates but still reflecting the severe impact of disrupted production, constrained financing, and insecurity. Looking ahead, a modest rebound of about 3% is forecast for FY2026/27, driven mainly by post-earthquake reconstruction and targeted support measures, though inflation is expected to remain above 20%, keeping pressure on household living costs. Fiscal challenges are set to intensify, with the deficit projected to widen to around 5% of GDP and public debt staying above 60% of GDP, while the relatively resilient agrifood sector continues to play a critical role in sustaining employment and private-sector activity amid persistent shocks.
Automotive Industry Trend and Outlook
Despite the unfavourable economic outlook, Myanmar’s vehicle market grew 59.6% in 2025. Despite moving below 0% during May and June, sales growth spiked towards year-end and in Q4.
Brand-wise, BYD was still market leader, with a 34.2% share (+68.3%). MG followed in 2nd gaining 16%, while Leap Motor ranked 3rd (+22.5%). Toyota -up 2 spots- ranked 4th, up 545.6% while Neta -down 1 spot- closed the Top 5, growing 27.4%.
Looking at specific models, the MG ZS EV ranked 1st despite losing 0.7%, followed by last year’s leader, the BYD Atto 3 (+0.1%) and the BYD Dolphin, growing 32.3%.
EV Market Trend and Outlook
Myanmar’s EV sector is rapidly expanding, with sales up 74.7% in Q1 of 2025. Capturing an impressive 97% market share, this surge was fueled by government incentives, including tax breaks and reduced import duties, as well as growing involvement of chinese carmakers, mainly BYD and MG, which secured a major share in the country’s market.
