Myanmar: Wood Flat Pallet Market 2025

Wood Flat Pallet Market Size in Myanmar

In 2021, the Myanmar's wood flat pallet market decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Wood flat pallet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Flat Pallet Production in Myanmar

In value terms, wood flat pallet production stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 67% against the previous year. Wood flat pallet production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Flat Pallet Exports

Exports from Myanmar

In 2020, exports of flat pallets and pallet collars of wood from Myanmar surged to X units, jumping by 151,013% against 2019 figures. In general, exports continue to indicate a significant increase. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

In value terms, wood flat pallet exports surged to $X in 2020. Over the period under review, exports continue to indicate significant growth. The exports peaked at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

Exports by Country

Singapore (X units) and China (X units) were the main destinations of wood flat pallet exports from Myanmar. Moreover, wood flat pallet exports in Singapore exceeded the figures recorded by the second-largest exporter, China, threefold.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +14.9%).

In value terms, the largest markets for wood flat pallet exported from Myanmar were Singapore ($X) and China ($X). Moreover, wood flat pallet exports in Singapore exceeded the figures recorded by the second-largest exporter, China, threefold.

Among the main countries of destination, Singapore, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average wood flat pallet export price stood at less than $X per unit in 2021, shrinking by 99.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 a decrease of -26.4%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-0.4%), while the prices for the other major destinations experienced a decline.

Wood Flat Pallet Imports

Imports into Myanmar

In 2021, overseas purchases of flat pallets and pallet collars of wood decreased by -66.4% to X units, falling for the third consecutive year after three years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 3,896%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wood flat pallet imports reduced remarkably to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 3,901%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X units) constituted the largest supplier of wood flat pallet to Myanmar, with a 50% share of total imports. Moreover, wood flat pallet imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The third position in this ranking was held by China (X units), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+18.4% per year) and China (+10.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Myanmar, comprising 42% of total imports. The second position in the ranking was held by Lithuania ($X), with a 19% share of total imports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+41.2% per year) and South Korea (+9.4% per year).

Import Prices by Country

The average wood flat pallet import price stood at $X per unit in 2021, dropping by -46.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 394%. The import price peaked at $X per unit in 2020, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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