Myanmar: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Myanmar

In 2022, the Myanmar's market for coconut, abaca, ramie and other vegetable textile fibres was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt setback. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Myanmar

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres contracted significantly to $X in 2022 estimated in export price. Over the period under review, production recorded mild growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 206%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Myanmar skyrocketed to X tons per ha in 2022, growing by 427% compared with 2021. Overall, the yield saw a significant increase. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Myanmar totaled X ha, remaining relatively unchanged against 2021. Overall, the harvested area saw a noticeable downturn. The pace of growth was the most pronounced in 2015 with an increase of 5.8%. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Myanmar

In 2022, the amount of coconut, abaca, ramie and other vegetable textile fibres exported from Myanmar skyrocketed to X tons, rising by 244% compared with the previous year's figure. Overall, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Myanmar, accounting for a 83% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to China exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold.

From 2015 to 2022, the average annual growth rate of volume to China totaled +14.9%.

In value terms, China ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Myanmar, comprising 76% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total exports.

From 2015 to 2022, the average annual growth rate of value to China totaled +11.2%.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, with a decrease of -30.9% against the previous year. In general, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2021 an increase of 81% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.2%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Myanmar

Imports of coconut, abaca, ramie and other vegetable textile fibres into Myanmar fell dramatically to X tons in 2022, which is down by -27.1% compared with 2021 figures. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 408% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres contracted rapidly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 200% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main coconut, abaca, ramie and other vegetable textile fibre supplier to Myanmar, accounting for a 94% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +41.0%.

In value terms, Thailand ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Myanmar, comprising 94% of total imports. The second position in the ranking was held by China ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +24.6%.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, picking up by 5.8% against the previous year. In general, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 58%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+60.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform