Report Update Nov 1, 2024

Myanmar - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Abrasives Market 2024

Abrasives Market Size in Myanmar

In 2021, the Myanmar's abrasives market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Abrasives Production in Myanmar

In value terms, abrasives production rose notably to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Abrasives Exports

Exports from Myanmar

In 2016, approx. X tons of abrasives (natural) were exported from Myanmar; jumping by 235% on the year before. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, abrasives exports skyrocketed to $X in 2016. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for abrasives exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2014 to 2016, the average annual growth rate of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for abrasives (natural) exports from Myanmar.

From 2014 to 2016, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

In 2016, the average abrasives export price amounted to $X per ton, falling by -49% against the previous year. In general, the export price continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2015 a decrease of -29.8%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2014 to 2016, the rate of growth in terms of prices for Singapore amounted to -29.8% per year.

Abrasives Imports

Imports into Myanmar

In 2021, overseas purchases of abrasives (natural) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a mild increase. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, abrasives imports surged to $X in 2021. Over the period under review, imports, however, saw a slight decrease. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Singapore (X tons) and India (X tons) were the main suppliers of abrasives imports to Myanmar, with a combined 41% share of total imports. These countries were followed by Australia, Taiwan (Chinese), the United States, the Netherlands, Thailand and China, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Singapore ($X) and India ($X) constituted the largest abrasives suppliers to Myanmar, together accounting for 54% of total imports. These countries were followed by the United States, the Netherlands, Australia, Taiwan (Chinese), Thailand and China, which together accounted for a further 28%.

Among the main suppliers, the United States, with a CAGR of +37.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, declining by -12.3% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for abrasives (natural) in the world?

Turkey constituted the country with the largest volume of abrasives consumption, comprising approx. 44% of total volume. Moreover, abrasives consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of abrasives (natural) in the world?

Turkey constituted the country with the largest volume of abrasives production, accounting for 43% of total volume. Moreover, abrasives production in Turkey exceeded the figures recorded by the second-largest producer, Greece, fourfold. The third position in this ranking was occupied by China, with a 9% share.

What are the leading suppliers of abrasives (natural) to Myanmar?

In value terms, Turkey constituted the largest supplier of abrasives to Myanmar, comprising 57% of total imports. The second position in the ranking was occupied by India, with a 28% share of total imports.

What is the average export price for abrasives (natural) in Myanmar?

In 2016, the average abrasives export price amounted to $1,700 per ton, which is down by -49% against the previous year.

What is the average import price for abrasives (natural) in Myanmar?

In 2021, the average abrasives import price amounted to $422 per ton, surging by 25% against the previous year.

This report provides an in-depth analysis of the abrasives market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
Prodcom 08992220 -
Prodcom 08992230 -

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023