Myanmar: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Myanmar

In 2021, the Myanmar's market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -7.8% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Myanmar

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose markedly to $X in 2021 estimated in export price. Over the period under review, production saw a measured expansion. The growth pace was the most rapid in 2018 with an increase of 52% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Myanmar

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Myanmar soared to X tons, picking up by 30% on the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 797% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 582% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Myanmar, with a combined 14% share of total exports. These countries were followed by Italy, Switzerland, Japan, the Czech Republic, Canada, France, Russia, the United States, Belgium and Spain, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +126.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Myanmar worldwide, with a combined 16% share of total exports. Switzerland, Japan, Slovakia, the Czech Republic, Canada, France, the United States, Spain, Russia and Belgium lagged somewhat behind, together accounting for a further 20%.

The Czech Republic, with a CAGR of +132.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, with a decrease of -2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 Japan (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Myanmar

For the third year in a row, Myanmar recorded decline in purchases abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, which decreased by -48.8% to X tons in 2021. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 135%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap dropped rapidly to $X in 2021. In general, imports saw a deep setback. The growth pace was the most rapid in 2018 with an increase of 87% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Myanmar, with a 85% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-21.4% per year) and Brazil (-5.5% per year).

In value terms, China ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Myanmar, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-20.8% per year) and Brazil (-4.2% per year).

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, increasing by 23% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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