Myanmar: Plastic Packaging Market 2024

Plastic Packaging Market Size in Myanmar

In 2022, after two years of growth, there was significant decline in the Myanmar's plastic packaging market, when its value decreased by X% to $X. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic packaging consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plastic Packaging Production in Myanmar

In value terms, plastic packaging production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Plastic Packaging Exports

Exports from Myanmar

In 2022, overseas shipments of plastic packaging decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic packaging exports declined remarkably to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for plastic packaging exports from Myanmar, with a X% share of total exports. Moreover, plastic packaging exports to the United States exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastic packaging exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average plastic packaging export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

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

Plastic Packaging Imports

Imports into Myanmar

In 2022, purchases abroad of plastic packaging was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic packaging imports amounted to $X in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of plastic packaging imports to Myanmar, with a combined X% share of total imports. Taiwan (Chinese), South Korea and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic packaging to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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