Report Update Nov 1, 2024

Myanmar - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Plastic Closure Market 2024

Plastic Closure Market Size in Myanmar

The Myanmar's plastic closure market rose slightly to $X in 2022, picking up by 4.9% 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). In general, consumption recorded a significant expansion. Plastic closure consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Closure Exports

Exports from Myanmar

In 2022, shipments abroad of plastic stoppers, caps and closures decreased by -5.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 850% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, plastic closure exports surged to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 457% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for plastic closure exports from Myanmar, with a 98% share of total exports. It was followed by Thailand (X tons), with a 2.1% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to Malaysia totaled +134.8%.

In value terms, Malaysia ($X) remains the key foreign market for plastic stoppers, caps and closures exports from Myanmar, comprising 98% of total exports. The second position in the ranking was taken by Thailand ($X), with a 2.1% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +120.1%.

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, with an increase of 27% against the previous year. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.2%), while the prices for the other major destinations experienced a decline.

Plastic Closure Imports

Imports into Myanmar

In 2022, approx. X tons of plastic stoppers, caps and closures were imported into Myanmar; jumping by 37% compared with the year before. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 325%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic closure imports rose modestly to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when imports increased by 325%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of plastic closure to Myanmar, with a 77% share of total imports. Moreover, plastic closure imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +70.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.7% per year) and Malaysia (+39.1% per year).

In value terms, Thailand ($X), China ($X) and Malaysia ($X) constituted the largest plastic closure suppliers to Myanmar, together accounting for 92% of total imports.

Thailand, with a CAGR of +41.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic closure import price amounted to $X per ton, shrinking by -24.5% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic stoppers, caps and closures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 43% of global consumption.

What are the largest producers of plastic stoppers, caps and closures in the world?

China constituted the country with the largest volume of plastic closure production, accounting for 24% of total volume. Moreover, plastic closure production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.2% share.

What are the leading suppliers of plastic stoppers, caps and closures to Myanmar?

In value terms, the largest plastic closure suppliers to Myanmar were India and Malaysia.

What is the average export price for plastic stoppers, caps and closures in Myanmar?

In 2020, the average plastic closure export price amounted to $2,622 per ton, approximately equating the previous year.

What is the average import price for plastic stoppers, caps and closures in Myanmar?

The average plastic closure import price stood at $3,389 per ton in 2021, with an increase of 12% against the previous year.

This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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