Myanmar: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Myanmar

The Myanmar's plastic household ware market contracted to $X in 2021, with a decrease of -3.9% 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, however, posted resilient growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Plastic Household Ware Exports

Exports from Myanmar

In 2021, overseas shipments of plastics household articles and toilet articles increased by 9.9% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 833%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, plastic household ware exports declined to $X in 2021. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 867% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for plastic household ware exports from Myanmar, with a 36% share of total exports. Moreover, plastic household ware exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +132.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-71.1% per year) and Indonesia (-39.7% per year).

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from Myanmar, comprising 68% of total exports. The second position in the ranking was taken by Singapore ($X), with a 2.3% share of total exports. It was followed by Germany, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +127.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.1% per year) and Germany (-13.9% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, reducing by -18.8% against the previous year. In general, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Costa Rica ($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 Germany (+197.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Myanmar

In 2021, plastic household ware imports into Myanmar reduced to X tons, with a decrease of -5.6% against 2020 figures. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 85%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports expanded sharply to $X in 2021. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 94%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic household ware to Myanmar, accounting for a 61% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.0% per year) and the United States (+118.7% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Myanmar, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +52.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.9% per year) and the United States (+64.9% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2014 an increase of 63%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the United States ($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 (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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