Myanmar: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Myanmar

The Myanmar's metal tubular rivet market totaled $X in 2021, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed significant growth. Metal tubular rivet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Metal Tubular Rivet Exports

Exports from Myanmar

In 2021, shipments abroad of base metal tubular or bifurcated rivets increased by 262% to X tons, rising for the fourth year in a row after four years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 886%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, metal tubular rivet exports surged to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 617%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for metal tubular rivet exports from Myanmar, accounting for a 71% share of total exports. Moreover, metal tubular rivet exports to China exceeded the volume sent to the second major destination, Vietnam (X kg), threefold. The third position in this ranking was taken by South Korea (X kg), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +83.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.7% per year) and South Korea (+45.0% per year).

In value terms, the largest markets for metal tubular rivet exported from Myanmar were China ($X), Vietnam ($X) and Cambodia ($X), together comprising 92% of total exports.

In terms of the main countries of destination, China, with a CAGR of +38.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal tubular rivet export price stood at $X per ton in 2021, waning by -48.7% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.8%), while the prices for the other major destinations experienced a decline.

Metal Tubular Rivet Imports

Imports into Myanmar

In 2021, approx. X tons of base metal tubular or bifurcated rivets were imported into Myanmar; jumping by 16% against 2020 figures. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 375% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal tubular rivet imports rose significantly to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2016 when imports increased by 416% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal tubular rivet to Myanmar, with a 71% share of total imports. Moreover, metal tubular rivet imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+49.0% per year) and Taiwan (Chinese) (+95.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Myanmar, comprising 82% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.1% share of total imports. It was followed by Vietnam, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +69.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+91.3% per year) and Vietnam (+37.4% per year).

Import Prices by Country

In 2021, the average metal tubular rivet import price amounted to $X per ton, shrinking by -2.9% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal tubular rivet import price decreased by -4.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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