Report Update Nov 1, 2024

Myanmar - Spools, Cops and Similar Supports of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Plastic Support Market 2024

Plastic Support Market Size in Myanmar

The Myanmar's plastic support market shrank to $X in 2022, reducing by -4.5% against the previous year. In general, consumption recorded a relatively flat trend pattern. Plastic support consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in Myanmar

In value terms, plastic support production fell to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Myanmar

After three years of growth, shipments abroad of spools, cops and similar supports of plastics decreased by -4.9% to X tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,948% against the previous year. The exports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, plastic support exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,507%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for plastic support exports from Myanmar, accounting for a 97% share of total exports. It was followed by Thailand (X tons), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to +79.5%.

In value terms, Malaysia ($X) remains the key foreign market for spools, cops and similar supports of plastics exports from Myanmar, comprising 92% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +86.1%.

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, jumping by 34% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 89%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Myanmar

Plastic support imports into Myanmar soared to X tons in 2022, growing by 23% against the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 154%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic support imports declined to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 236%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of plastic support to Myanmar, with a 77% share of total imports. Moreover, plastic support imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.0% per year) and Malaysia (+40.8% per year).

In value terms, the largest plastic support suppliers to Myanmar were Thailand ($X), China ($X) and Malaysia ($X), together comprising 92% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +48.4%, saw the highest growth rate of 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 plastic support import price stood at $X per ton in 2022, declining by -26.7% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spools, cops and similar supports of plastics in the world?

The countries with the highest volumes of plastic support consumption in 2021 were China, the United States and Brazil, with a combined 36% share of global consumption. India, the UK, Japan, Russia, Indonesia, Italy, Bangladesh, Pakistan and Nigeria lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of spools, cops and similar supports of plastics in the world?

The countries with the highest volumes of plastic support production in 2021 were China, the United States and Brazil, with a combined 38% share of global production.

What are the leading suppliers of spools, cops and similar supports of plastics to Myanmar?

In value terms, India, Malaysia and China were the largest plastic support suppliers to Myanmar, with a combined 94% share of total imports.

What are the leading importers of spools, cops and similar supports of plastics from Myanmar?

In value terms, Malaysia and South Korea constituted the largest markets for plastic support exported from Myanmar worldwide.

What is the average export price for spools, cops and similar supports of plastics in Myanmar?

The average plastic support export price stood at $6,238 per ton in 2021, picking up by 134% against the previous year.

What is the average import price for spools, cops and similar supports of plastics in Myanmar?

In 2021, the average plastic support import price amounted to $3,377 per ton, growing by 11% against the previous year.

This report provides an in-depth analysis of the plastic support market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221910 - Spools, cops, bobbins and similar supports, of plastics
Prodcom 22221920 - Plastic caps and capsules for bottles
Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023