Report Update Nov 1, 2024

Myanmar - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Myanmar: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Myanmar

In 2022, the Myanmar's sewing machine furniture market increased by 99% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a buoyant increase. Sewing machine furniture consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sewing Machine Furniture Exports

Exports from Myanmar

In 2022, sewing machine furniture exports from Myanmar surged to X tons, increasing by 23% compared with 2021 figures. In general, exports recorded a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 762,660% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sewing machine furniture exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 319,798%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for sewing machine furniture exports from Myanmar, with a 88% share of total exports. Moreover, sewing machine furniture exports to Indonesia exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

In value terms, Indonesia ($X) emerged as the key foreign market for furniture, bases and covers for sewing machines exports from Myanmar, comprising 88% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia was relatively modest.

Export Prices by Country

In 2022, the average sewing machine furniture export price amounted to $X per ton, shrinking by -1.7% against the previous year. Over the period under review, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 579% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+35.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Machine Furniture Imports

Imports into Myanmar

In 2022, supplies from abroad of furniture, bases and covers for sewing machines increased by 84% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 250%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sewing machine furniture imports soared to $X in 2022. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 248%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing machine furniture to Myanmar, with a 88% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +25.9%.

In value terms, China ($X) constituted the largest supplier of furniture, bases and covers for sewing machines to Myanmar, comprising 56% of total imports. The second position in the ranking was taken by India ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.5%.

Import Prices by Country

The average sewing machine furniture import price stood at $X per ton in 2022, growing by 7.2% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture, bases and covers for sewing machines in the world?

The countries with the highest volumes of in 2021 were China, Nigeria and Vietnam, together accounting for 39% of global consumption. The United States, Russia, Kyrgyzstan, Japan, Germany, Indonesia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of furniture, bases and covers for sewing machines in the world?

China constituted the country with the largest volume of sewing machine furniture production, accounting for 73% of total volume. Moreover, sewing machine furniture production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Germany, with a 3% share.

What are the leading suppliers of furniture, bases and covers for sewing machines to Myanmar?

In value terms, the largest sewing machine furniture suppliers to Myanmar were China, India and Hong Kong SAR, together accounting for 89% of total imports.

What are the leading importers of furniture, bases and covers for sewing machines from Myanmar?

In value terms, Malaysia $218) remains the key foreign market for sewing machine furniture exports from Myanmar, comprising 0.7% of total exports. The second position in the ranking was occupied by South Korea $76), with a 0.3% share of total exports.

What is the average export price for furniture, bases and covers for sewing machines in Myanmar?

In 2021, the average sewing machine furniture export price amounted to $58,996 per ton, picking up by 8% against the previous year.

What is the average import price for furniture, bases and covers for sewing machines in Myanmar?

In 2021, the average sewing machine furniture import price amounted to $937 per ton, which is down by -34.3% against the previous year.

This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

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