Report Update Nov 1, 2024

Myanmar - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Composition Leather Market 2024

Composition Leather Market Size in Myanmar

In 2021, the Myanmar's composition leather market decreased by -25% to $X, falling for the second year in a row after three years of growth. In general, consumption faced a drastic downturn. Composition leather consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Composition Leather Exports

Exports from Myanmar

In 2021, after nine years of growth, there was significant decline in shipments abroad of composition leather, when their volume decreased by -20.6% to X square meters. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2019 with an increase of 403%. Over the period under review, the exports hit record highs at X square meters in 2020, and then reduced notably in the following year.

In value terms, composition leather exports reduced notably to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 316%. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Cambodia (X square meters) was the main destination for composition leather exports from Myanmar, with a 77% share of total exports. Moreover, composition leather exports to Cambodia exceeded the volume sent to the second major destination, South Korea (X square meters), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia amounted to -28.5%.

In value terms, the largest markets for composition leather exported from Myanmar were Cambodia ($X) and South Korea ($X).

South Korea, with a CAGR of +50.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average composition leather export price amounted to $X per square meter, reducing by -22.1% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48%. The export price peaked at $X per square meter 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while the average price for exports to Cambodia stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.5%).

Composition Leather Imports

Imports into Myanmar

In 2021, purchases abroad of composition leather decreased by -43.5% to X square meters, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,045% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports dropped significantly to $X in 2021. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2018 with an increase of 784%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X square meters), Vietnam (X square meters) and South Korea (X square meters) were the main suppliers of composition leather imports to Myanmar, together accounting for 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +195.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest composition leather suppliers to Myanmar were Italy ($X), Vietnam ($X) and South Korea ($X), together comprising 77% of total imports.

Vietnam, with a CAGR of +216.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average composition leather import price stood at $X per square meter in 2021, jumping by 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 60%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

China constituted the country with the largest volume of composition leather consumption, comprising approx. 21% of total volume. Moreover, composition leather consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by Indonesia, with a 3.4% share.

What are the largest producers of composition leather in the world?

China remains the largest composition leather producing country worldwide, comprising approx. 22% of total volume. Moreover, composition leather production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by Indonesia, with a 3.6% share.

What are the leading suppliers of composition leather to Myanmar?

In value terms, the largest composition leather suppliers to Myanmar were South Korea, Italy and Vietnam, with a combined 73% share of total imports.

What is the average import price for composition leather in Myanmar?

The average composition leather import price stood at $3,408 per ton in 2020, rising by 28% against the previous year.

This report provides an in-depth analysis of the composition leather market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023