Myanmar: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Myanmar

The Myanmar's market for rigid tubes, pipes and hoses of polymers of vinyl chloride rose rapidly to $X in 2022, surging by 8.5% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Myanmar

In value terms, vinyl chloride polymer rigid pipes production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Myanmar

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 14,890%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports contracted to $X in 2022. In general, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 15,121% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +127.0%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +198.6%.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, declining by -68.7% against the previous year. Overall, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2020 an increase of 106% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +31.6% per year.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Myanmar

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -7.5% to X tons, falling for the fourth year in a row after seven years of growth. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 104% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Myanmar, together comprising 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Myanmar were South Korea ($X), China ($X) and Thailand ($X), together accounting for 92% of total imports. Malaysia lagged somewhat behind, accounting for a further 6.1%.

Among the main suppliers, Malaysia, with a CAGR of +19.2%, recorded 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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