Myanmar: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Myanmar

The Myanmar's natural rubber and gum market expanded to $X in 2022, surging by 2.4% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums in Myanmar

In value terms, natural rubber and gum production reached $X in 2022 estimated in export price. In general, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 512%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average natural rubber and gum yield in Myanmar expanded to X kg per ha, increasing by 2.7% against the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.3%. As a result, the yield attained the peak level of X kg per ha. From 2019 to 2022, the growth of the average natural rubber and gum yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Myanmar; stabilizing at 2021 figures. Overall, the total harvested area indicated prominent growth from 2012 to 2022: its figure increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural rubber and gum harvested area decreased by -0.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 12%. The natural rubber and gum harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from Myanmar

In 2022, overseas shipments of natural rubber and gums were finally on the rise to reach X tons after two years of decline. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 2,512% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports expanded remarkably to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,923%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for natural rubber and gum exports from Myanmar, accounting for a 88% share of total exports. Moreover, natural rubber and gum exports to Thailand exceeded the volume sent to the second major destination, China (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +103.4%.

In value terms, Thailand ($X) remains the key foreign market for natural rubber and gums exports from Myanmar, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at +95.7%.

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, dropping by -5.2% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Myanmar

In 2022, natural rubber and gum imports into Myanmar surged to X tons, with an increase of 52% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,167% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports stood at $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 930%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of natural rubber and gum to Myanmar, with a 64% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and China (+24.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to Myanmar, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.1% per year) and Malaysia (0.0% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, with a decrease of -32.2% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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