Report Update Nov 1, 2024

Myanmar - Worked Articles of Wax - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Myanmar

The Myanmar's worked wax articles market was estimated at less than $X in 2022, approximately mirroring the previous year. In general, consumption, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with a decrease of -4.2%. Worked wax articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Worked Wax Articles Production in Myanmar

In value terms, worked wax articles production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 61%. Worked wax articles production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Worked Wax Articles Exports

Exports from Myanmar

In 2018, approx. X units of worked articles of wax were exported from Myanmar; with an increase of 430% compared with the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, worked wax articles exports soared to $X in 2018. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X units) was the main destination for worked wax articles exports from Myanmar, with a 96% share of total exports. Moreover, worked wax articles exports to South Korea exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2017 to 2018, the average annual rate of growth in terms of volume to South Korea stood at +418.8%.

In value terms, South Korea ($X) remains the key foreign market for worked articles of wax exports from Myanmar, comprising 69% of total exports. The second position in the ranking was held by China ($X), with a 28% share of total exports.

From 2017 to 2018, the average annual rate of growth in terms of value to South Korea amounted to +299.8%.

Export Prices by Country

The average worked wax articles export price stood at $X per thousand units in 2018, picking up by 6.1% against the previous year. Over the period from 2017 to 2018, it increased at an average annual rate of +6.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, amid the top suppliers, the country with the highest price was China ($X per thousand units), while the average price for exports to South Korea stood at $X per thousand units.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-22.9%).

Worked Wax Articles Imports

Imports into Myanmar

In 2022, after two years of decline, there was significant growth in supplies from abroad of worked articles of wax, when their volume increased by 116% to X units. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 181%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, worked wax articles imports surged to $X in 2022. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 189%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

India (X units), Indonesia (X units) and China (X units) were the main suppliers of worked wax articles imports to Myanmar, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest worked wax articles suppliers to Myanmar were India ($X), Indonesia ($X) and China ($X), together comprising 97% of total imports.

In terms of the main suppliers, India, with a CAGR of +52.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $X per thousand units in 2014; however, from 2015 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 India ($X per thousand units), while the price for Malaysia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked articles of wax in the world?

The countries with the highest volumes of worked wax articles consumption in 2021 were Ireland, China and Spain, together comprising 37% of global consumption.

What are the largest producers of worked articles of wax in the world?

The countries with the highest volumes of worked wax articles production in 2021 were China, the United States and India, together accounting for 45% of global production. These countries were followed by Japan, Indonesia, Pakistan, Russia, Germany, Mexico, Brazil, South Korea, Belgium and Italy, which together accounted for a further 33%.

What are the leading suppliers of worked articles of wax to Myanmar?

In value terms, India constituted the largest supplier of worked wax articles to Myanmar.

What is the average export price for worked articles of wax in Myanmar?

The average worked wax articles export price stood at $40 per unit in 2021, growing by 10% against the previous year.

What is the average import price for worked articles of wax in Myanmar?

The average worked wax articles import price stood at $24 per unit in 2021, declining by -20% against the previous year.

This report provides an in-depth analysis of the worked wax articles 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 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

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