Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (CIF) - 2023
In December 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $90.5 per ton, growing by 2.3% against the previous month. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 159% m-o-m. Over the period under review, average import prices hit record highs at $1,146 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,479 per ton), while the price for Thailand totaled $70.0 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+5.2%).
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,333 per ton, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9%. The export price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for India.
From 2020 to 2022, the rate of growth in terms of prices for India amounted to -1.2% per year.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar
Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Myanmar soared to 7.9K tons in 2022, rising by 249% against 2021 figures. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $5.8M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 470 | 1,021 | 542 | 3,922 | 102.8% |
| Thailand | 44.1 | 56.2 | 100 | 730 | 154.9% |
| Vietnam | 121 | 198 | 241 | 378 | 46.2% |
| Malaysia | 65.3 | 136 | 74.3 | 300 | 66.2% |
| Taiwan (Chinese) | 3.3 | 43.2 | 49.9 | 160 | 264.6% |
| Hong Kong SAR | 1,193 | 1,216 | 1,109 | N/A | -3.6% |
| Others | 348 | 429 | 456 | 356 | 0.8% |
| Total | 2,243 | 3,099 | 2,574 | 5,845 | 37.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Myanmar in 2022:
- China (5.5K tons)
- Thailand (1.7K tons)
- Vietnam (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
- Malaysia (0.1K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) exported from Myanmar totaled 15 kg, approximately equating 2021. Over the period under review, exports showed a dramatic descent. The smallest decline of 99.9% was in 2021.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $50 in 2022. In general, exports continue to indicate a dramatic slump. The smallest decline of 99.9% was in 2021.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 99.0 | N/A | 50.0 | -28.9% | |
| Bangladesh | 1.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 100 | N/A | 50.0 | -29.3% | |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Myanmar in 2022:
- India (15.0 kg)
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