Myanmar: Net Fabric Market 2025

Net Fabric Market Size in Myanmar

In 2022, the Myanmar's net fabric market increased by 14% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a tangible expansion. Net fabric consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Net Fabric Production in Myanmar

In value terms, net fabric production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a precipitous setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Net Fabric Exports

Exports from Myanmar

In 2022, after two years of decline, there was decline in shipments abroad of tulles and other net fabrics, when their volume decreased by 0% to X kg. Overall, exports recorded a dramatic downturn. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, net fabric exports totaled $X in 2022. Over the period under review, exports showed a sharp decrease. The smallest decline of 99.9% was in 2020. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for net fabric exports from Myanmar, with a 40% share of total exports. Moreover, net fabric exports to Thailand exceeded the volume sent to the second major destination, South Korea (X kg), fourfold. The Philippines (X kg) ranked third in terms of total exports with a 9.4% share.

From 2013 to 2022, the average annual growth rate of volume to Thailand stood at +169.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and the Philippines (0.0% per year).

In value terms, the largest markets for net fabric exported from Myanmar were Thailand ($X), South Korea ($X) and the Philippines ($X), with a combined 63% share of total exports.

Thailand, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average net fabric export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price faced a sharp downturn. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 South Korea ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-58.5%).

Net Fabric Imports

Imports into Myanmar

In 2022, purchases abroad of tulles and other net fabrics increased by 48% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,589% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, net fabric imports reached $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 4,056% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of net fabric to Myanmar, with a 73% share of total imports. Moreover, net fabric imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.4% per year) and Vietnam (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of tulles and other net fabrics to Myanmar, comprising 68% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-4.8% per year) and Thailand (+36.3% per year).

Import Prices by Country

In 2022, the average net fabric import price amounted to $X per ton, with a decrease of -23% against the previous year. In general, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 an increase of 72%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Vietnam (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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