Price for Woven Fabrics of Artificial Staple Fibres in Myanmar - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Myanmar (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Myanmar (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Myanmar
- Exports of Woven Fabrics of Artificial Staple Fibres in Myanmar
Price for Woven Fabrics of Artificial Staple Fibres in Myanmar (CIF) - 2022
The average import price for woven fabrics of artificial staple fibres stood at $862 per thousand square meters in December 2022, jumping by 95% against the previous month. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in July 2022 an increase of 467% m-o-m. As a result, import price attained the peak level of $1.6 per square meter. From August 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($901 per thousand square meters), while the price for China amounted to $836 per thousand square meters.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%).
Price for Woven Fabrics of Artificial Staple Fibres in Myanmar (FOB) - 2022
In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $9.7 per square meter, increasing by 11% against the previous year. Overall, the export price posted a measured increase. The export price peaked at $19 per square meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($11 per square meter), while the average price for exports to Ireland amounted to $3.4 per square meter.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+99.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Myanmar
In 2022, imports of woven fabrics of artificial staple fibres into Myanmar fell to 1.3M square meters, reducing by -1.8% against 2021. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked at 2.7M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of woven fabrics of artificial staple fibres amounted to $6.7M in 2022. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports of hit record highs at $14M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Woven Fabrics of Artificial Staple Fibres in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 3.9 | 5.9 | 5.7 | -24.8% |
| Thailand | N/A | 0.1 | 0.5 | 0.7 | 164.6% |
| Others | 0.7 | 0.6 | 0.2 | 0.3 | -24.6% |
| Total | 14.1 | 4.6 | 6.7 | 6.7 | -22.0% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Myanmar in 2022:
- China (1113.3K square meters)
- Thailand (172.3K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Myanmar
In 2022, shipments abroad of woven fabrics of artificial staple fibres decreased by -54% to 1.1K square meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 10,439%. As a result, the exports reached the peak of 2.4K square meters, and then shrank sharply in the following year.
In value terms, exports of woven fabrics of artificial staple fibres shrank sharply to $11K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 4,752% against the previous year. As a result, the exports reached the peak of $21K, and then contracted markedly in the following year.
| Export of Woven Fabrics of Artificial Staple Fibres in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Canada | N/A | N/A | 10.1 | 0% | |
| Ireland | N/A | N/A | 0.3 | 0% | |
| South Korea | 0.4 | 5.0 | N/A | 1150.0% | |
| China | N/A | 13.0 | N/A | 0% | |
| Morocco | N/A | 2.9 | N/A | 0% | |
| Others | N/A | 0.4 | 0.3 | -25.0% | |
| Total | 0.4 | 21.2 | 10.8 | 419.6% | |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Myanmar in 2022:
- Canada (912.0 square meters)
- Ireland (101.0 square meters)
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