Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar - 2023

Contents:

  1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (CIF) - 2023
  2. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (CIF) - 2023

The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $4,124 per ton in December 2023, picking up by 18% against the previous month. Over the period under review, the import price saw a significant expansion. The pace of growth appeared the most rapid in February 2023 an increase of 104% month-to-month. Over the period under review, average import prices hit record highs at $5,456 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to December 2023, the rate of growth in terms of prices for China amounted to +20.8% per month.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar

Imports of artificial staple fibres, not carded, combed or otherwise processed for spinning into Myanmar stood at 120 tons in 2022, leveling off at the previous year. Overall, imports saw a precipitous decrease. The smallest decline of -99.9% was in 2020.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $282K in 2022. In general, imports recorded a sharp slump. The smallest decline of -99.9% was in 2020.

Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea2,4022.8N/A174-58.3%
Singapore9130.9N/A45.9-63.1%
China2310.3N/A37.7-45.4%
Germany4800.5N/A24.0-63.2%
Thailand42.6N/AN/A0.2-83.3%
India578N/AN/AN/A0%
Others50.6N/AN/AN/A0%
Total4,6974.5N/A282-60.8%

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Myanmar in 2022:

  1. South Korea (42.5 tons)
  2. China (37.4 tons)
  3. Singapore (26.5 tons)
  4. Germany (13.9 tons)
  5. Thailand (0.2 tons)

Source: IndexBox Market Intelligence Platform

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