Myanmar: Market for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres 2024

Market Size for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres in Myanmar

In 2022, the Myanmar's market for bed linen of other woven textiles and non-woven man-made fibres decreased by -6.2% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres in Myanmar

In value terms, production of bed linen of other woven textiles and non-woven man-made fibres reached $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 39%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Exports from Myanmar

For the third year in a row, Myanmar recorded growth in overseas shipments of bed linen of other woven textiles and non-woven man-made fibres, which increased by 272% to X tons in 2022. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 442% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of bed linen of other woven textiles and non-woven man-made fibres surged to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for exports of bed linen of other woven textiles and non-woven man-made fibres from Myanmar, accounting for a 86% share of total exports. Moreover, exports of bed linen of other woven textiles and non-woven man-made fibres to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), tenfold. South Korea (X tons) ranked third in terms of total exports with a 5.5% share.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +826.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+262.3% per year) and South Korea (+22.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for bed linen of other woven textiles and non-woven man-made fibres exports from Myanmar, comprising 78% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by South Korea, with a 7.4% share.

From 2016 to 2022, the average annual growth rate of value to the Netherlands totaled +1,165.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+237.0% per year) and South Korea (+25.6% per year).

Export Prices by Country

The average export price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2022, with an increase of 46% against the previous year. In general, the export price, however, showed a abrupt downturn. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Imports into Myanmar

In 2022, supplies from abroad of bed linen of other woven textiles and non-woven man-made fibres decreased by -59.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 4,017% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, imports of bed linen of other woven textiles and non-woven man-made fibres fell remarkably to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 2,373% against the previous year. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main bed linen of other woven textiles and non-woven man-made fibres supplier to Myanmar, accounting for a 94% share of total imports. Moreover, imports of bed linen of other woven textiles and non-woven man-made fibres from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +122.4%.

In value terms, China ($X) constituted the largest supplier of bed linen of other woven textiles and non-woven man-made fibres to Myanmar, comprising 97% of total imports. The second position in the ranking was held by Thailand ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +81.1%.

Import Prices by Country

In 2022, the average import price for bed linen of other woven textiles and non-woven man-made fibres amounted to $X per ton, falling by -4.6% against the previous year. In general, the import price faced a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 80%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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