Myanmar: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2025

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Myanmar

The Myanmar's market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment declined to $X in 2022, falling by -5.3% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Myanmar

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment dropped to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 158% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from Myanmar

In 2020, shipments abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -87.4% to X kg, falling for the second year in a row after two years of decline. Over the period under review, exports showed a precipitous curtailment. The exports peaked at X tons in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment dropped markedly to $X in 2020. In general, exports recorded a significant curtailment. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Myanmar, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to the United Arab Emirates amounted to -87.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Myanmar.

From 2013 to 2020, the average annual growth rate of value to the United Arab Emirates stood at -84.7%.

Export Prices by Country

The average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment stood at $X per ton in 2020, rising by 22% against the previous year. Over the period under review, the export price recorded a notable expansion. The pace of growth appeared the most rapid in 2019 an increase of 44%. The export price peaked in 2020 and is likely to continue growth in the immediate term.

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

From 2013 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +21.6% per year.

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into Myanmar

In 2022, after two years of growth, there was significant decline in purchases abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when their volume decreased by -98.8% to X kg. Overall, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 787% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment declined dramatically to $X in 2022. In general, imports recorded a sharp decrease. The pace of growth appeared the most rapid in 2014 with an increase of 778%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X kg) was the main reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier to Myanmar, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +30.5%.

In value terms, China ($X) constituted the largest supplier of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.1%.

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, declining by -92.7% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 125% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -12.3% per year.

Source: IndexBox Platform

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