Myanmar: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Myanmar

In 2021, after two years of growth, there was significant decline in the Myanmar's wood kitchenware and tableware market, when its value decreased by -12.8% to $X. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Tableware And Kitchenware Of Wood in Myanmar

In value terms, wood kitchenware and tableware production reduced to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Tableware And Kitchenware Of Wood

Exports from Myanmar

Wood kitchenware and tableware exports from Myanmar declined notably to X tons in 2021, which is down by -90.6% on the previous year. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 591% against the previous year. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, wood kitchenware and tableware exports contracted notably to $X in 2021. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 176% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and South Korea (X kg) were the main destinations of wood kitchenware and tableware exports from Myanmar, with a combined 70% share of total exports. Israel, China, Canada, the United States and Japan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Israel ($X) were the largest markets for wood kitchenware and tableware exported from Myanmar worldwide, with a combined 45% share of total exports. These countries were followed by Canada, Taiwan (Chinese), China, Thailand and South Korea, which together accounted for a further 26%.

Among the main countries of destination, China, with a CAGR of +47.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood kitchenware and tableware export price amounted to $X per ton, increasing by 66% against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 217%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 the United States (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Myanmar

In 2021, approx. X tons of tableware and kitchenware of wood were imported into Myanmar; surging by 7.9% against 2020. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 662%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware imports expanded slightly to $X in 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 755%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) was the main wood kitchenware and tableware supplier to Myanmar, accounting for a 97% share of total imports. It was followed by Thailand (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +78.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+77.3% per year) and India (-59.6% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Myanmar, comprising 94% of total imports. The second position in the ranking was held by Thailand ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+40.1% per year) and India (-61.8% per year).

Import Prices by Country

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, with a decrease of -3.4% against the previous year. Overall, the import price recorded a sharp setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12%. The import price peaked 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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