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Report Myanmar - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Myanmar - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Phenolic Resins Market 2024

Phenolic Resins Market Size in Myanmar

The Myanmar's phenolic resins market fell notably to $X in 2021, waning by -63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Phenolic Resins Exports

Exports from Myanmar

In 2019, phenolic resins exports from Myanmar amounted to X tons, therefore, remained relatively stable against the previous year. In general, exports posted a significant expansion. The smallest decline of 99.9% was in 2013. The exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, phenolic resins exports amounted to $X in 2019. Over the period under review, exports saw pronounced growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2019 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) and Hong Kong SAR (X tons) were the main destinations of phenolic resins exports from Myanmar.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of 0.0%).

In value terms, Japan ($X) and Hong Kong SAR ($X) were the largest markets for phenolic resins exported from Myanmar worldwide.

In terms of the main countries of destination, Japan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average phenolic resins export price stood at $X per ton in 2019, almost unchanged from the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phenolic Resins Imports

Imports into Myanmar

In 2021, approx. X tons of phenolic resins in primary forms were imported into Myanmar; with a decrease of -62.1% against the previous year's figure. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 103%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, phenolic resins imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 98%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Singapore (X tons) and China (X tons) were the main suppliers of phenolic resins imports to Myanmar, with a combined 67% share of total imports. Malaysia, Indonesia, Thailand and the United States lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of phenolic resins in primary forms to Myanmar, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.4% per year) and Singapore (-9.7% per year).

Import Prices by Country

In 2021, the average phenolic resins import price amounted to $X per ton, with a decrease of -3.4% against the previous year. Overall, the import price showed a pronounced descent. The growth pace was the most rapid in 2020 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest phenolic resins consuming country worldwide, accounting for 22% of total volume. Moreover, phenolic resins consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.2% share.
The country with the largest volume of phenolic resins production was China, accounting for 22% of total volume. Moreover, phenolic resins production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 8.6% share.
In value terms, China constituted the largest supplier of phenolic resins to Myanmar, comprising 49% of total imports. The second position in the ranking was occupied by the U.S., with a 17% share of total imports. It was followed by Singapore, with a 14% share.
In value terms, Japan and Hong Kong SAR constituted the largest markets for phenolic resins exported from Myanmar worldwide.
The average phenolic resins export price stood at $742 per ton in 2019, approximately reflecting the previous year.
The average phenolic resins import price stood at $976 per ton in 2020, with an increase of 20% against the previous year.

This report provides an in-depth analysis of the phenolic resins 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 20165650 - Phenolic resins, in primary forms

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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