Myanmar: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Myanmar

The Myanmar's broom, brush, and mop market skyrocketed to $X in 2022, increasing by 30% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Brooms, Brushes, And Mops in Myanmar

In value terms, broom, brush, and mop production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Myanmar

In 2022, overseas shipments of brooms, brushes, and mops decreased by -4.1% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by 138%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, broom, brush, and mop exports declined significantly to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 55% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Malaysia (X units), India (X units) and Pakistan (X units) were the main destinations of broom, brush, and mop exports from Myanmar, with a combined 77% share of total exports. South Korea, Thailand and China lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for broom, brush, and mop exported from Myanmar were South Korea ($X), Malaysia ($X) and India ($X), together accounting for 82% of total exports. Pakistan, Thailand and China lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Thailand, with a CAGR of +45.3%, recorded the highest rates of growth with regard to 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

In 2022, the average broom, brush, and mop export price amounted to $X per unit, dropping by -13.3% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 49%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Brooms, Brushes, And Mops

Imports into Myanmar

After three years of decline, supplies from abroad of brooms, brushes, and mops increased by 86% to X units in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 426%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, broom, brush, and mop imports soared to $X in 2022. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 193%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of broom, brush, and mop to Myanmar, accounting for a 78% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sevenfold. The third position in this ranking was taken by India (X units), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.9% per year) and India (+66.1% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Myanmar, comprising 46% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.0% per year) and India (+60.1% per year).

Import Prices by Country

The average broom, brush, and mop import price stood at $X per unit in 2022, waning by -19.5% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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