Myanmar - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in Myanmar - 2022
Contents:
- Synthetic Rubber Price in Myanmar (FOB) - 2022
- Synthetic Rubber Price in Myanmar (CIF) - 2022
- Synthetic Rubber Exports in Myanmar
- Synthetic Rubber Imports in Myanmar
Synthetic Rubber Price in Myanmar (FOB) - 2022
The average synthetic rubber export price stood at $1,268 per ton in December 2022, falling by -2% against the previous month. Overall, the export price recorded a slight slump. The growth pace was the most rapid in April 2022 when the average export price increased by 6.8% month-to-month. Over the period under review, the average export prices reached the maximum at $1,601 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Thailand ($3,600 per ton), while the average price for exports to China totaled $1,217 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.7%).
Synthetic Rubber Price in Myanmar (CIF) - 2022
The average synthetic rubber import price stood at $1,158 per ton in 2022, surging by 4.2% against the previous year. In general, the import price, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43% against the previous year. The import price peaked at $3,739 per ton 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 Vietnam ($1,734 per ton), while the price for China ($901 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.7%), while the prices for the other major suppliers experienced a decline.
Synthetic Rubber Exports in Myanmar
In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic rubber, when their volume decreased by -10.3% to 99K tons. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year.
In value terms, synthetic rubber exports declined to $129M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year.
Export of Synthetic Rubber in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 73.1 | 106 | 140 | 125 | 19.6% |
Thailand | 0.5 | 0.6 | 4.5 | 4.0 | 100.0% |
Others | 0.4 | 0.3 | 6.9 | 0.3 | -9.1% |
Total | 74.0 | 107 | 151 | 129 | 20.4% |
Top Export Markets for Synthetic Rubber from Myanmar in 2022:
- China (96.9K tons)
- Thailand (2.3K tons)
Synthetic Rubber Imports in Myanmar
In 2022, after two years of decline, there was growth in purchases abroad of synthetic rubber, when their volume increased by 0.8% to 4.5K tons. Overall, imports, however, recorded a pronounced setback.
In value terms, synthetic rubber imports stood at $5.2M in 2022. Over the period under review, imports, however, showed a abrupt setback.
Import of Synthetic Rubber in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,348 | 669 | 1,668 | 1,452 | 2.5% |
South Korea | 1,936 | 1,428 | 577 | 1,090 | -17.4% |
Russia | 1,092 | 944 | 1,080 | 940 | -4.9% |
Thailand | 651 | 821 | 790 | 688 | 1.9% |
Taiwan (Chinese) | 728 | 547 | 447 | 478 | -13.1% |
Japan | 313 | 187 | 283 | 247 | -7.6% |
Vietnam | 268 | 305 | 21.0 | 163 | -15.3% |
Poland | 1,011 | 255 | N/A | N/A | -74.8% |
Others | 365 | 285 | 78.3 | 135 | -28.2% |
Total | 7,712 | 5,441 | 4,945 | 5,193 | -12.4% |
Top Suppliers of Synthetic Rubber to Myanmar in 2022:
- China (1610.9 tons)
- Russia (967.0 tons)
- South Korea (715.6 tons)
- Thailand (412.8 tons)
- Taiwan (Chinese) (401.6 tons)
- Japan (150.6 tons)
- Vietnam (94.2 tons)
This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
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
This report provides an in-depth analysis of the synthetic rubber market in Myanmar.
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Myanmar.
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Myanmar.
This report provides an in-depth analysis of the synthetic latex rubber market in Myanmar.
This report provides an in-depth analysis of the global synthetic rubber market.
This report provides an in-depth analysis of the global market for isoprene rubber (ir) in primary form.
This report provides an in-depth analysis of the global market for synthetic rubber (excluding latex).
This report provides an in-depth analysis of the global synthetic latex rubber market.
This report provides an in-depth analysis of the synthetic rubber market in Myanmar.
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Myanmar.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.