Report Update Nov 1, 2024

Myanmar - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Myanmar

After two years of growth, the Myanmar's vulcanised rubber thread market decreased by -18.8% to $X in 2021. Overall, consumption recorded a abrupt downturn. Vulcanised rubber thread consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Thread Production in Myanmar

In value terms, vulcanised rubber thread production fell dramatically to $X in 2021 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2020 when the production volume increased by 62%. Vulcanised rubber thread production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Myanmar

In 2021, overseas shipments of vulcanised rubber thread and cord decreased by -11.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 425%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, vulcanised rubber thread exports declined remarkably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 727% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Cambodia (X tons) was the main destination for vulcanised rubber thread exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Cambodia amounted to -10.7%.

In value terms, Cambodia ($X) also remains the key foreign market for vulcanised rubber thread and cord exports from Myanmar.

From 2015 to 2021, the average annual rate of growth in terms of value to Cambodia stood at -28.4%.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, waning by -21.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Cambodia.

From 2015 to 2021, the rate of growth in terms of prices for China amounted to +510.7% per year.

Vulcanised Rubber Thread Imports

Imports into Myanmar

In 2021, after four years of growth, there was significant decline in overseas purchases of vulcanised rubber thread and cord, when their volume decreased by -48.7% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, vulcanised rubber thread imports fell sharply to $X in 2021. In general, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 131% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of vulcanised rubber thread imports to Myanmar, together comprising 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +53.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vulcanised rubber thread suppliers to Myanmar were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined 77% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +48.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2015 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vulcanised rubber thread and cord in the world?

China remains the largest vulcanised rubber thread consuming country worldwide, accounting for 32% of total volume. Moreover, vulcanised rubber thread consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by the U.S., with a 7.4% share.

What are the largest producers of vulcanised rubber thread and cord in the world?

Thailand remains the largest vulcanised rubber thread producing country worldwide, accounting for 49% of total volume. Moreover, vulcanised rubber thread production in Thailand exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of vulcanised rubber thread and cord to Myanmar?

In value terms, South Korea constituted the largest supplier of vulcanised rubber thread to Myanmar, comprising 61% of total imports. The second position in the ranking was occupied by Vietnam, with a 23% share of total imports. It was followed by Thailand, with a 13% share.

What is the average export price for vulcanised rubber thread and cord in Myanmar?

In 2020, the average vulcanised rubber thread export price amounted to $1,305 per ton, dropping by -4% against the previous year.

What is the average import price for vulcanised rubber thread and cord in Myanmar?

The average vulcanised rubber thread import price stood at $3,762 per ton in 2020, surging by 21% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber thread 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 22192050 - Vulcanised rubber thread and cord

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