Myanmar: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Myanmar

The Myanmar's knitted shawl and scarf market fell dramatically to $X in 2022, waning by -31.8% against the previous year. Over the period under review, consumption showed a abrupt descent. Knitted shawl and scarf consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Myanmar

In value terms, knitted shawl and scarf production declined modestly to $X in 2022 estimated in export price. Overall, production enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 141% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Myanmar

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles increased by 173% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 293%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, knitted shawl and scarf exports surged to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 234%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X units) was the main destination for knitted shawl and scarf exports from Myanmar, with a 72% share of total exports. Moreover, knitted shawl and scarf exports to Thailand exceeded the volume sent to the second major destination, Japan (X units), sixfold. France (X units) ranked third in terms of total exports with a 2.5% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Thailand totaled +596.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+302.5% per year) and France (+178.7% per year).

In value terms, Thailand ($X) emerged as the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Myanmar, comprising 73% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.8% share of total exports. It was followed by Poland, with a 3.1% share.

From 2015 to 2022, the average annual growth rate of value to Thailand stood at +566.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+268.5% per year) and Poland (+293.9% per year).

Export Prices by Country

The average knitted shawl and scarf export price stood at $X per unit in 2022, declining by -26.8% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Myanmar

In 2022, imports of shawls, scarves and the like of knitted or crocheted textiles into Myanmar shrank remarkably to X units, with a decrease of -91.1% compared with 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 455% against the previous year. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, knitted shawl and scarf imports declined sharply to $X in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 219% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest knitted shawl and scarf supplier to Myanmar, accounting for a 84% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Myanmar, comprising 86% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -7.8%.

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, which is down by -11.6% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-8.6%).

Source: IndexBox Platform

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