Myanmar: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Myanmar

In 2021, the Myanmar's vulcanised rubber erases market decreased by -87.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a precipitous decline. Vulcanised rubber erases consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Production in Myanmar

In value terms, vulcanised rubber erases production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Myanmar

In 2021, shipments abroad of erasers of vulcanised rubber decreased by -20.7% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2016 with an increase of 700%. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports amounted to $X in 2021. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 8,000%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for vulcanised rubber erases exports from Myanmar, accounting for a 70% share of total exports. Moreover, vulcanised rubber erases exports to Thailand exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +58.7%.

In value terms, Thailand ($X) emerged as the key foreign market for erasers of vulcanised rubber exports from Myanmar, comprising 74% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand was relatively modest.

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, picking up by 33% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 1,123%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+119.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Myanmar

For the fourth consecutive year, Myanmar recorded decline in overseas purchases of erasers of vulcanised rubber, which decreased by -93.6% to X tons in 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 571% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports fell notably to $X in 2021. Over the period under review, imports faced a sharp shrinkage. The growth pace was the most rapid in 2015 when imports increased by 111% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of vulcanised rubber erases imports to Myanmar, with a combined 95% share of total imports. Singapore and Japan lagged somewhat behind, together comprising a further 3.8%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +23.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest vulcanised rubber erases suppliers to Myanmar were Thailand ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 78% of total imports. Singapore and Japan lagged somewhat behind, together accounting for a further 8.8%.

Japan, with a CAGR of +20.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, increasing by 90% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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