Myanmar - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Myanmar - 2022
Contents:
- Metal Domestic Furniture Price in Myanmar (CIF) - 2022
- Metal Domestic Furniture Price in Myanmar (FOB) - 2022
- Metal Domestic Furniture Imports in Myanmar
- Metal Domestic Furniture Exports in Myanmar
Metal Domestic Furniture Price in Myanmar (CIF) - 2022
The average metal domestic furniture import price stood at $1,434 per ton in December 2022, which is down by -10.1% against the previous month. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in January 2022 an increase of 6.4% against the previous month. Over the period under review, average import prices hit record highs at $5,947 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($1,445 per ton), while the price for Thailand amounted to $1,056 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-10.6%).
Metal Domestic Furniture Price in Myanmar (FOB) - 2022
In 2022, the average metal domestic furniture export price amounted to $7,350 per ton, with a decrease of -3.6% against the previous year. In general, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $11,722 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,786 per ton), while the average price for exports to India ($4,091 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Imports in Myanmar
In 2022, after two years of decline, there was significant growth in overseas purchases of metal furniture, when their volume increased by 74% to 2.7K tons. In general, imports, however, faced a abrupt curtailment.
In value terms, metal domestic furniture imports soared to $11M in 2022. Over the period under review, imports, however, recorded a precipitous contraction.
| Import of Metal Domestic Furniture in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.4 | 15.2 | 7.1 | 9.2 | -17.5% |
| Thailand | 2.8 | 1.5 | 0.5 | 0.9 | -31.5% |
| Vietnam | 0.8 | 0.7 | 0.2 | 0.2 | -37.0% |
| Malaysia | 0.7 | 0.6 | N/A | 0.1 | -47.7% |
| Others | 0.6 | 0.4 | 0.1 | 0.2 | -30.7% |
| Total | 21.2 | 18.4 | 7.9 | 10.7 | -20.4% |
Top Suppliers of Metal Domestic Furniture to Myanmar in 2022:
- China (2356.6 tons)
- Thailand (215.7 tons)
- Malaysia (39.6 tons)
- Vietnam (27.8 tons)
Metal Domestic Furniture Exports in Myanmar
In 2022, overseas shipments of metal furniture decreased by -2.4% to 16 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,007% against the previous year. As a result, the exports attained the peak of 20 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal domestic furniture exports dropped to $118K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,004%. As a result, the exports attained the peak of $165K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Metal Domestic Furniture in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 155 | 106 | 70.8 | -32.4% |
| Singapore | 2.0 | 3.2 | N/A | 19.6 | 114.0% |
| India | 0.5 | N/A | 9.9 | 17.7 | 228.3% |
| China | N/A | N/A | N/A | 7.4 | 0% |
| Cambodia | N/A | 3.7 | 8.7 | 1.8 | -30.3% |
| Others | 5.4 | 3.2 | 1.1 | 1.2 | -39.4% |
| Total | 7.8 | 165 | 126 | 118 | 147.3% |
Top Export Markets for Metal Domestic Furniture from Myanmar in 2022:
- United States (7.2 tons)
- India (4.3 tons)
- Singapore (2.9 tons)
- China (1.1 tons)
- Cambodia (0.3 tons)
This report provides an in-depth analysis of the metal domestic 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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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