Myanmar: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Myanmar

The Myanmar's non-reinforced rubber tubing market contracted rapidly to $X in 2021, with a decrease of -85.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a strong expansion. Non-reinforced rubber tubing consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports from Myanmar

In 2021, after two years of growth, there was decline in shipments abroad of rubber tubing not reinforced, when their volume decreased by -5% to X tons. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 663% against the previous year. The exports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, non-reinforced rubber tubing exports dropped rapidly to $X in 2021. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 778%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for non-reinforced rubber tubing exports from Myanmar, with a 72% share of total exports. Moreover, non-reinforced rubber tubing exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Thailand (+70.0% per year).

In value terms, the United States ($X) remains the key foreign market for rubber tubing not reinforced exports from Myanmar, comprising 78% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Thailand (+76.9% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, shrinking by -37.9% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2015 an increase of 191% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Thailand ($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 Thailand (+4.2%).

Non-Reinforced Rubber Tubing Imports

Imports into Myanmar

In 2021, non-reinforced rubber tubing imports into Myanmar contracted rapidly to X tons, falling by -80.4% on the previous year's figure. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 1,304% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports reduced dramatically to $X in 2021. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 966% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of non-reinforced rubber tubing to Myanmar, accounting for a 66% share of total imports. Moreover, non-reinforced rubber tubing imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+25.6% per year) and China (+21.3% per year).

In value terms, Thailand ($X), Malaysia ($X) and China ($X) were the largest non-reinforced rubber tubing suppliers to Myanmar, together accounting for 83% of total imports.

Thailand, with a CAGR of +28.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, waning by -3.8% against the previous year. In general, the import price faced a deep slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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