Report Update Nov 1, 2024

Myanmar - Alkyd Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Alkyd Resins Market 2024

Alkyd Resins Market Size in Myanmar

In 2022, after three years of decline, there was significant growth in the Myanmar's alkyd resins market, when its value increased by 88% to $X. Overall, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Alkyd Resins Exports

Exports from Myanmar

For the fourth year in a row, Myanmar recorded growth in shipments abroad of alkyd resins in primary forms, which increased by 103% to X tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,467%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, alkyd resins exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 1,467%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

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

From 2016 to 2022, the average annual growth rate of volume to Malaysia totaled +128.7%.

In value terms, Malaysia ($X) also remains the key foreign market for alkyd resins in primary forms exports from Myanmar.

From 2016 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +173.4%.

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, falling by -1.8% against the previous year. Overall, the export price showed a precipitous decrease. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for Malaysia amounted to +19.5% per year.

Alkyd Resins Imports

Imports into Myanmar

In 2022, overseas purchases of alkyd resins in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 111% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, alkyd resins imports skyrocketed to $X in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 193%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of alkyd resins imports to Myanmar, together accounting for 89% of total imports. The United States, Oman, Germany and Saudi Arabia lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +78.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) were the largest alkyd resins suppliers to Myanmar, together accounting for 90% of total imports.

Thailand, with a CAGR of +66.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alkyd resins import price stood at $X per ton in 2022, growing by 24% against the previous year. Overall, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alkyd resins in primary forms in the world?

China remains the largest alkyd resins consuming country worldwide, accounting for 23% of total volume. Moreover, alkyd resins consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The third position in this ranking was occupied by the United States, with an 8.5% share.

What are the largest producers of alkyd resins in primary forms in the world?

China constituted the country with the largest volume of alkyd resins production, accounting for 23% of total volume. Moreover, alkyd resins production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of alkyd resins in primary forms to Myanmar?

In value terms, Malaysia, Thailand and China were the largest alkyd resins suppliers to Myanmar, with a combined 78% share of total imports.

What is the average export price for alkyd resins in primary forms in Myanmar?

In 2021, the average alkyd resins export price amounted to $1,107 per ton, standing approx. at the previous year.

What is the average import price for alkyd resins in primary forms in Myanmar?

In 2021, the average alkyd resins import price amounted to $1,181 per ton, picking up by 5.4% against the previous year.

This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms

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