Myanmar: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Myanmar

In 2022, the Myanmar's market for self-adhesive plastic tape in rolls of a width under 20cm was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a strong expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Myanmar

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from Myanmar fell remarkably to X kg, reducing by -72.6% against 2021 figures. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 4,291% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 10,668%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Myanmar, accounting for a 94% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Singapore exceeded the volume sent to the second major destination, South Korea (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +34.2%.

In value terms, Singapore ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Myanmar, comprising 98% of total exports. The second position in the ranking was held by South Korea ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled +281.5%.

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, growing by 489% against the previous year. In general, the export price showed tangible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while the average price for exports to South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+184.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Myanmar

In 2022, imports of self-adhesive plastic tape in rolls of a width under 20cm into Myanmar shrank notably to X tons, declining by -25.3% compared with the year before. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 303% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then contracted significantly in the following year.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm stood at $X in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 98%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Myanmar, accounting for a 73% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+41.6% per year) and Taiwan (Chinese) (+38.9% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Myanmar, comprising 72% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+21.1% per year) and South Korea (+13.2% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, jumping by 45% against the previous year. Over the period under review, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52%. The import price peaked at $X per ton in 2012; however, from 2013 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 South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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