Myanmar: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Myanmar

In 2021, after two years of growth, there was significant decline in the Myanmar's market for plastic fittings for tubes, pipes and hoses, when its value decreased by -52.9% to $X. In general, consumption recorded a abrupt contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Myanmar

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses increased by 132% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 553%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 704%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Myanmar, accounting for a 76% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Thailand exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at +125.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.5% per year) and Malaysia (-86.3% per year).

In value terms, Thailand ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Myanmar, comprising 87% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at +158.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.6% per year) and Malaysia (-54.7% per year).

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, rising by 3.1% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($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 Malaysia (+227.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Myanmar

Imports of plastic fittings for tubes, pipes and hoses into Myanmar fell significantly to X tons in 2021, which is down by -49.2% on the year before. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when imports increased by 23% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses contracted remarkably to $X in 2021. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 10% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Myanmar, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +2.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Myanmar, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 29% share of total imports. It was followed by Malaysia, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Malaysia (-8.4% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, shrinking by -9.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 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 Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :