Myanmar: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Myanmar

The Myanmar's market for bottles, jars and other containers of glass shrank markedly to $X in 2021, dropping by -35.6% against the previous year. In general, consumption, however, enjoyed strong growth. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Myanmar

In value terms, glass bottle, jar and container production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 349% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Myanmar

In 2021, the amount of bottles, jars and other containers of glass exported from Myanmar declined rapidly to X units, waning by -20.3% against 2020. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of 752% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports expanded remarkably to $X in 2021. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2015 when exports increased by 951%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for glass bottle, jar and container exports from Myanmar, accounting for a 77% share of total exports. Moreover, glass bottle, jar and container exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled -22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-39.2% per year) and Thailand (-48.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Myanmar, comprising 95% of total exports. The second position in the ranking was held by Thailand ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-45.4% per year) and South Korea (-45.0% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, with an increase of 37% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 107% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Myanmar

In 2021, the amount of bottles, jars and other containers of glass imported into Myanmar reached X units, growing by 4.1% on 2020 figures. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 94%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports stood at $X in 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 90%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X units), China (X units) and Malaysia (X units) were the main suppliers of glass bottle, jar and container imports to Myanmar, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +67.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Malaysia ($X) constituted the largest glass bottle, jar and container suppliers to Myanmar, together comprising 97% of total imports.

Among the main suppliers, China, with a CAGR of +54.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, increasing by 6.9% against the previous year. In general, the import price, however, saw a drastic downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per unit) and China ($X per unit), while the price for Thailand ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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