Myanmar: Plastic Container Market 2024

Plastic Container Market Size in Myanmar

The Myanmar's plastic container market expanded slightly to $X in 2021, surging by 3.5% 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). Overall, consumption continues to indicate prominent growth. Plastic container consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Container Exports

Exports from Myanmar

In 2021, the amount of plastic containers exported from Myanmar skyrocketed to X tons, jumping by 92% against the previous year's figure. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 401%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic container exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 263%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for plastic container exports from Myanmar, with a 81% share of total exports. Moreover, plastic container exports to China exceeded the volume sent to the second major destination, the United States (X tons), tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+111.9% per year) and Malaysia (+182.1% per year).

In value terms, the largest markets for plastic container exported from Myanmar were China ($X), the United States ($X) and Japan ($X), with a combined 89% share of total exports. These countries were followed by Malaysia, which accounted for a further 4.6%.

Malaysia, with a CAGR of +176.6%, saw the highest rates of growth with regard to 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 plastic container export price stood at $X per ton in 2021, which is down by -17.1% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 46%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Lao People's Democratic Republic (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into Myanmar

In 2021, imports of plastic containers into Myanmar rose significantly to X tons, picking up by 7.3% against the year before. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 140% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plastic container imports amounted to $X in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 127% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic container to Myanmar, accounting for a 56% share of total imports. Moreover, plastic container imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+166.0% per year) and Malaysia (+26.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic containers to Myanmar, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total imports. It was followed by Vietnam, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+26.7% per year) and Vietnam (+38.8% per year).

Import Prices by Country

In 2021, the average plastic container import price amounted to $X per ton, declining by -3.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 12%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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