Report Update Nov 1, 2024

Myanmar - Articles of Twine, Cordage, Rope or Cables - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Twine Product Market 2024

Twine Product Market Size in Myanmar

In 2022, the Myanmar's twine product market increased by 217% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Twine Product Production in Myanmar

In value terms, twine product production rose remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. Twine product production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Twine Product Exports

Exports from Myanmar

In 2022, approx. X kg of articles of twine, cordage, rope or cables were exported from Myanmar; picking up by 222% on the previous year's figure. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine product exports soared to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Japan (X kg) was the main destination for twine product exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +7.1%.

In value terms, Japan ($X) emerged as the key foreign market for articles of twine, cordage, rope or cables exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, with an increase of 188% against the previous year. In general, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -6.6% per year.

Twine Product Imports

Imports into Myanmar

In 2022, supplies from abroad of articles of twine, cordage, rope or cables decreased by -0.2% to X tons, falling for the third year in a row after five years of growth. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 710% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, twine product imports dropped rapidly to $X in 2022. In general, imports faced a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 280%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of twine product to Myanmar, accounting for a 75% share of total imports. Moreover, twine product imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and Vietnam (-78.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Myanmar, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.3% per year) and Vietnam (-73.2% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, dropping by -22.9% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 9%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+25.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of twine, cordage, rope or cables in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 26% share of global consumption. These countries were followed by Japan, Russia, Pakistan, Brazil, Indonesia, Mexico, Bangladesh, Nigeria, Germany and Ethiopia, which together accounted for a further 27%.

What are the largest producers of articles of twine, cordage, rope or cables in the world?

China remains the largest twine product producing country worldwide, accounting for 32% of total volume. Moreover, twine product production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Japan ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of articles of twine, cordage, rope or cables to Myanmar?

In value terms, China, Thailand and South Korea appeared to be the largest twine product suppliers to Myanmar, with a combined 82% share of total imports.

What are the leading importers of articles of twine, cordage, rope or cables from Myanmar?

In value terms, the United States emerged as the key foreign market for twine product exports from Myanmar, comprising 65% of total exports. The second position in the ranking was occupied by Japan, with a 28% share of total exports.

What is the average export price for articles of twine, cordage, rope or cables in Myanmar?

In 2021, the average twine product export price amounted to $18,268 per ton, with an increase of 15% against the previous year.

What is the average import price for articles of twine, cordage, rope or cables in Myanmar?

The average twine product import price stood at $18,676 per ton in 2021, surging by 23% against the previous year.

This report provides an in-depth analysis of the twine product 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 13941280 - Articles of twine, cordage, rope or cables

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