Myanmar: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Myanmar

For the third year in a row, the Myanmar's wood fuel (non-coniferous) market recorded growth in sales value, which increased by X% to $X in 2020. Overall, the total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Wood Fuel (Non-Coniferous) Production in Myanmar

In value terms, wood fuel (non-coniferous) production rose significantly to $X in 2020 estimated in export prices. In general, production saw a resilient increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Wood fuel (non-coniferous) production peaked in 2020 and is expected to retain growth in the immediate term.

Wood Fuel (Non-Coniferous) Exports

Exports from Myanmar

In 2020, shipments abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the third year in a row after two years of growth. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X cubic meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports dropped to $X in 2020. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

China (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Myanmar, with a X% share of total exports. It was followed by Italy (X cubic meters), with a X% share of total exports. Singapore (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Singapore (-X% per year).

In value terms, China ($X) emerged as the key foreign market for wood fuel (non-coniferous) exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Singapore (-X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, increasing by X% against the previous year. Overall, the export price showed a prominent expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Myanmar

In 2020, after thirteen years of growth, there was significant decline in purchases abroad of wood fuel (non-coniferous), when their volume decreased by -X% to X cubic meters. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X cubic meters in 2019, and then shrank dramatically in the following year.

In value terms, wood fuel (non-coniferous) imports fell remarkably to $X in 2020. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then shrank sharply in the following year.

Imports by Country

In 2020, China (X cubic meters) constituted the largest supplier of wood fuel (non-coniferous) to Myanmar, with a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X cubic meters), tenfold.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of wood fuel (non-coniferous) to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, rising by X% against the previous year. In general, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform