Myanmar: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Myanmar

In 2021, the Myanmar's market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -24.7% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, continues to indicate a resilient increase. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Myanmar

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 31% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 216% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Overall, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 77%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Myanmar, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +86.8%.

In value terms, Thailand ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to +54.5%.

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, with an increase of 2.6% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Thailand.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -4.4% per year.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Myanmar

In 2021, after five years of growth, there was significant decline in overseas purchases of acrylic polymers, in primary forms (excluding polymethyl methacrylate), when their volume decreased by -24% to X tons. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 63%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then declined dramatically in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) plummeted to $X in 2021. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Myanmar, with a 55% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.4% per year) and Thailand (+19.2% per year).

In value terms, Malaysia ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Myanmar, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Thailand, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.3% per year) and Thailand (+14.4% per year).

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform