Myanmar: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Myanmar

The Myanmar's market for prepared glues and other prepared adhesives reduced sharply to $X in 2021, dropping by -19.1% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Production of Prepared Glues And Other Prepared Adhesives in Myanmar

In value terms, production of prepared glues and other prepared adhesives shrank significantly to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 99% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Myanmar

In 2021, shipments abroad of prepared glues and other prepared adhesives decreased by -5% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2018 with an increase of 667%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives contracted markedly to $X in 2021. In general, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2018 when exports increased by 542% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Myanmar, with a 83% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to India exceeded the volume sent to the second major destination, Vietnam (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.9% per year) and China (0.0% per year).

In value terms, India ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Myanmar, comprising 57% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+16.3% per year) and China (0.0% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, falling by -24.4% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 68%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Vietnam ($X per ton), while the average price for exports to India ($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 the United Arab Emirates (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Myanmar

In 2021, imports of prepared glues and other prepared adhesives into Myanmar rose significantly to X tons, picking up by 9.9% on 2020. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 343%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of prepared glues and other prepared adhesives contracted to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 74% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of prepared glues and other prepared adhesives to Myanmar, with a 63% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +91.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.0% per year) and Hong Kong SAR (+49.7% per year).

In value terms, the largest prepared glues and other prepared adhesives suppliers to Myanmar were China ($X), Thailand ($X) and Hong Kong SAR ($X), together accounting for 63% of total imports. Indonesia, Vietnam, Malaysia, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 26%.

Vietnam, with a CAGR of +62.9%, recorded the highest rates of growth with regard to 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, which is down by -17.6% against the previous year. In general, the import price showed a precipitous decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-10.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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