Myanmar: Prisms And Mirrors Market 2025

Prisms And Mirrors Market Size in Myanmar

The Myanmar's prisms and mirrors market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Prisms And Mirrors Production in Myanmar

In value terms, prisms and mirrors production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Prisms And Mirrors Exports

Exports from Myanmar

In 2022, shipments abroad of prisms and mirrors increased by 116% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,127%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, prisms and mirrors exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,350%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of prisms and mirrors exports from Myanmar, with a combined 83% share of total exports.

From 2013 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +150.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for prisms and mirrors exported from Myanmar worldwide, together comprising 87% of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +158.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, declining by -14.9% against the previous year. In general, the export price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 an increase of 134% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Myanmar

Prisms and mirrors imports into Myanmar surged to X tons in 2022, rising by 193% on the previous year. In general, imports posted significant growth. The growth pace was the most rapid in 2017 with an increase of 4,624,344%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prisms and mirrors imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,083,380% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest prisms and mirrors supplier to Myanmar, accounting for a 85% share of total imports. Moreover, prisms and mirrors imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+86.1% per year) and Malaysia (-20.7% per year).

In value terms, the largest prisms and mirrors suppliers to Myanmar were China ($X), Taiwan (Chinese) ($X) and Malaysia ($X), together accounting for 94% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +68.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average prisms and mirrors import price amounted to $X per ton, with a decrease of -7.5% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2015 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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