Myanmar: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Myanmar

In 2022, the Myanmar's polypropylene in primary forms market increased by 1.4% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a abrupt shrinkage. Polypropylene in primary forms consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Polypropylene in Primary Forms in Myanmar

In value terms, polypropylene in primary forms production contracted to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 32%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Myanmar

Polypropylene in primary forms exports from Myanmar dropped significantly to X kg in 2022, declining by -99.9% compared with 2021. Over the period under review, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2018 with an increase of 115%. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, polypropylene in primary forms exports shrank dramatically to $X in 2022. Overall, exports faced a sharp descent. The growth pace was the most rapid in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X kg) and China (X kg) were the main destinations of polypropylene in primary forms exports from Myanmar.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of 0.0%).

In value terms, New Zealand ($X) and China ($X) appeared to be the largest markets for polypropylene in primary forms exported from Myanmar worldwide.

In terms of the main countries of destination, New Zealand, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, growing by 6,254% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+169.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene in Primary Forms

Imports into Myanmar

In 2022, after four years of decline, there was growth in overseas purchases of polypropylene in primary forms, when their volume increased by 4.5% to X tons. In general, imports posted temperate growth. The pace of growth appeared the most rapid in 2013 when imports increased by 61% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports expanded significantly to $X in 2022. Overall, imports, however, saw a pronounced descent. The growth pace was the most rapid in 2013 when imports increased by 61%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of polypropylene in primary forms imports to Myanmar, with a combined 56% share of total imports. Saudi Arabia, South Korea, Oman, Malaysia, the Philippines, India and Singapore lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms suppliers to Myanmar were the United Arab Emirates ($X), China ($X) and Thailand ($X), together comprising 53% of total imports. Saudi Arabia, South Korea, Oman, Malaysia, the Philippines, India and Singapore lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, the Philippines, with a CAGR of +42.4%, saw 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 2022, the average polypropylene in primary forms import price amounted to $X per ton, rising by 4.6% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :