Myanmar - Woven Carpets and Other Woven Textile Coverings - Market Analysis, Forecast, Size, Trends and Insights
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Woven Carpet Market Size in Myanmar
In 2022, after three years of decline, there was significant growth in the Myanmar's woven carpet market, when its value increased by 245% to $X. In general, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.
Woven Carpet Exports
Exports from Myanmar
In 2020, overseas shipments of woven carpets and other woven textile coverings decreased by 0% to X square meters, falling for the second year in a row after two years of decline. Over the period under review, exports showed a sharp decrease. The smallest decline of 99.9% was in 2019. The exports peaked at X square meters in 2016; however, from 2017 to 2020, the exports failed to regain momentum.
In value terms, woven carpet exports amounted to $X in 2020. Overall, exports faced a significant curtailment. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.
Exports by Country
The United States (X square meters) was the main destination for woven carpet exports from Myanmar, with a approx. 100% share of total exports.
From 2016 to 2020, the average annual growth rate of volume to the United States was relatively modest.
From 2016 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest.
Export Prices by Country
The average woven carpet export price stood at $X per square meter in 2020, flattening at the previous year. Over the period under review, the export price showed a sharp contraction. The pace of growth was the most pronounced in 2019 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2016 to 2020, the rate of growth in terms of prices for the United States amounted to 0.0% per year.
Woven Carpet Imports
Imports into Myanmar
In 2022, supplies from abroad of woven carpets and other woven textile coverings was finally on the rise to reach X square meters for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,110% against the previous year. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, woven carpet imports skyrocketed to $X in 2022. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 238% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Indonesia (X square meters) constituted the largest supplier of woven carpet to Myanmar, accounting for a 48% share of total imports. Moreover, woven carpet imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. Thailand (X square meters) ranked third in terms of total imports with an 11% share.
From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +90.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Thailand (+37.7% per year).
In value terms, China ($X), Indonesia ($X) and Thailand ($X) were the largest woven carpet suppliers to Myanmar, together comprising 88% of total imports. Taiwan (Chinese), Vietnam and Belgium lagged somewhat behind, together comprising a further 12%.
Among the main suppliers, Vietnam, with a CAGR of +245.8%, recorded 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 woven carpet import price stood at $X per square meter in 2022, declining by -26.3% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 111%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+75.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the woven carpet 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 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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