Myanmar: Safety Glass Market 2024

Safety Glass Market Size in Myanmar

The Myanmar's safety glass market shrank to $X in 2022, with a decrease of -2.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Safety Glass Production in Myanmar

In value terms, safety glass production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 32% against the previous year. Safety glass production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Myanmar

In 2022, overseas shipments of safety glass were finally on the rise to reach X square meters after three years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 190%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, safety glass exports stood at $X in 2022. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 227%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X square meters), Germany (X square meters) and Canada (X square meters) were the main destinations of safety glass exports from Myanmar, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +25.8%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), India ($X) and Canada ($X) constituted the largest markets for safety glass exported from Myanmar worldwide, with a combined 64% share of total exports.

India, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average safety glass export price amounted to $X per square meter, with a decrease of -36.7% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-4.1%).

Safety Glass Imports

Imports into Myanmar

In 2022, safety glass imports into Myanmar expanded notably to X square meters, growing by 15% compared with the previous year. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 403% against the previous year. Imports peaked at X square meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, safety glass imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 367% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of safety glass to Myanmar, accounting for a 74% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), threefold. The third position in this ranking was held by Vietnam (X square meters), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+27.1% per year) and Vietnam (+36.0% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Myanmar, comprising 73% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by Vietnam, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+26.4% per year) and Vietnam (+41.2% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2022, increasing by 10% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 47%. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, 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 South Korea ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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