Myanmar: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Myanmar

For the fifth consecutive year, the Myanmar's market for plastic plates, sheets, film, foil and strip recorded decline in sales value, which decreased by -4.3% to $X in 2021. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Myanmar

In value terms, production of plastic plates, sheets, film, foil and strip expanded sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Myanmar

In 2021, the amount of plastic plates, sheets, film, foil and strip exported from Myanmar declined markedly to X tons, which is down by -63.1% compared with the previous year. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 2,439%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of plastic plates, sheets, film, foil and strip reduced rapidly to $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 2,372%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

China (X tons), Japan (X tons) and Malaysia (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Myanmar, together comprising 87% of total exports. Singapore, the United States, Thailand, Indonesia, India and Canada lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +129.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Malaysia ($X) were the largest markets for plastic plate, sheet, film, foil and strip exported from Myanmar worldwide, with a combined 71% share of total exports. Thailand, Singapore, the United States, Indonesia, India and Canada lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Indonesia, with a CAGR of +98.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, rising by 59% against the previous year. Overall, the export price, however, faced a abrupt curtailment. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($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 Japan (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Myanmar

In 2021, after two years of growth, there was significant decline in purchases abroad of plastic plates, sheets, film, foil and strip, when their volume decreased by -36.1% to X tons. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 112%. Over the period under review, imports of attained the maximum at X tons in 2020, and then contracted markedly in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip shrank rapidly to $X in 2021. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020, and then fell markedly in the following year.

Imports by Country

China (X tons), Vietnam (X tons) and South Korea (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Myanmar, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +70.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Myanmar were China ($X), Vietnam ($X) and South Korea ($X), together accounting for 78% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +43.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, surging by 27% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 90%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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