Myanmar - Wooden Furniture of A Kind Used in the Kitchen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMyanmar: Wooden Kitchen Furniture Market 2024
Wooden Kitchen Furniture Market Size in Myanmar
The Myanmar's wooden kitchen furniture market dropped modestly to $X in 2022, approximately mirroring the previous year. Overall, consumption saw a abrupt downturn. Wooden kitchen furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Wooden Kitchen Furniture Production in Myanmar
In value terms, wooden kitchen furniture production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Wooden kitchen furniture production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Wooden Kitchen Furniture Exports
Exports from Myanmar
In 2022, shipments abroad of wooden furniture for kitchens increased by 15% to X units, rising for the fourth year in a row after three years of decline. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 1,265%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
In value terms, wooden kitchen furniture exports declined dramatically to $X in 2022. In general, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 760% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
Exports by Country
Japan (X units) was the main destination for wooden kitchen furniture exports from Myanmar, accounting for a approx. 100% share of total exports.
From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +44.7%.
In value terms, Japan ($X) emerged as the key foreign market for wooden furniture for kitchens exports from Myanmar.
From 2012 to 2022, the average annual growth rate of value to Japan stood at +23.1%.
Export Prices by Country
In 2022, the average wooden kitchen furniture export price amounted to $X per unit, which is down by -67.8% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +40.9% per year.
Wooden Kitchen Furniture Imports
Imports into Myanmar
In 2022, supplies from abroad of wooden furniture for kitchens decreased by -60.2% to X units, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 406%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.
In value terms, wooden kitchen furniture imports declined sharply to $X in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 384%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2022, China (X units) was the main wooden kitchen furniture supplier to Myanmar, with a 93% share of total imports. It was followed by Malaysia (X units), with a 2.6% share of total imports.
From 2012 to 2022, the average annual growth rate of volume from China amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.6% per year) and Spain (+121.7% per year).
In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to Myanmar, comprising 70% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+14.1% per year) and Spain (+164.0% per year).
Import Prices by Country
The average wooden kitchen furniture import price stood at $X per unit in 2022, falling by -15.4% against the previous year. Over the period under review, the import price, however, saw tangible growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 127% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wooden kitchen furniture 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 31021000 - Kitchen furniture
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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