Myanmar: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Myanmar

In 2021, the Myanmar's market for prefabricated buildings of plastics, concrete or aluminium decreased by -64.6% to $X, falling for the third consecutive year after seven years of growth. Over the period under review, consumption, however, showed noticeable growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Myanmar

In 2021, shipments abroad of prefabricated buildings of plastics, concrete or aluminium decreased by -50.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 3,332% against the previous year. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium shrank notably to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,183% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

The Philippines (X tons) was the main destination for exports of prefabricated buildings of plastics, concrete or aluminium from Myanmar, accounting for a 58% share of total exports. Moreover, exports of prefabricated buildings of plastics, concrete or aluminium to the Philippines exceeded the volume sent to the second major destination, Qatar (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines totaled +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Vietnam (+124.5% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for prefabricated buildings of plastics, concrete or aluminium exports from Myanmar, comprising 74% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Qatar, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines stood at +85.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+113.7% per year) and Qatar (0.0% per year).

Export Prices by Country

The average export price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, declining by -12.6% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 168%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 the Philippines ($X per ton), while the average price for exports to Qatar ($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 the Philippines (+25.7%), while the prices for the other major destinations experienced a decline.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Myanmar

In 2021, purchases abroad of prefabricated buildings of plastics, concrete or aluminium decreased by -62.8% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 120% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium shrank dramatically to $X in 2021. In general, imports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2014 with an increase of 120%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons) was the main supplier of prefabricated buildings of plastics, concrete or aluminium to Myanmar, with a 92% share of total imports. Moreover, imports of prefabricated buildings of plastics, concrete or aluminium from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +20.7%.

In value terms, Vietnam ($X) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Myanmar, comprising 86% of total imports. The second position in the ranking was held by China ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +7.0%.

Import Prices by Country

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, declining by -3.7% against the previous year. Over the period under review, the import price faced a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 4.7%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-7.9%).

Source: IndexBox Platform

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