Myanmar: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Myanmar

The Myanmar's rubber tube and pipe market skyrocketed to $X in 2021, picking up by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Myanmar

For the third consecutive year, Myanmar recorded growth in overseas shipments of tubes, pipes and hoses of vulcanized rubber, which increased by 19% to X tons in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 250% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rubber tube and pipe exports totaled $X in 2021. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 330% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Japan (X tons), the Czech Republic (X tons) and the United States (X tons) were the main destinations of rubber tube and pipe exports from Myanmar, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +514.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber tube and pipe exported from Myanmar were Japan ($X), Malaysia ($X) and the United States ($X), with a combined 83% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +52.3%, saw the highest growth rate of 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

The average rubber tube and pipe export price stood at $X per ton in 2021, reducing by -3.6% against the previous year. Overall, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Singapore ($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 Indonesia (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Myanmar

In 2021, the amount of tubes, pipes and hoses of vulcanized rubber imported into Myanmar soared to X tons, rising by 23% on the year before. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, rubber tube and pipe imports soared to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber tube and pipe to Myanmar, with a 70% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.8% per year) and Malaysia (+32.6% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Myanmar, comprising 42% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+21.7% per year) and Malaysia (+49.1% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, jumping by 35% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber tube and pipe import price increased by +54.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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