Myanmar: Abrasives Market 2022

Abrasives Market Size in Myanmar

In 2021, the Myanmar's abrasives market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Abrasives Exports

Exports from Myanmar

In 2021, the amount of abrasives (natural) exported from Myanmar amounted to less than X kg, remaining constant against 2020 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, abrasives exports stood at less than $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for abrasives exports from Myanmar, with a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to China was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average abrasives export price stood at $X per ton in 2016, dropping by -X% against the previous year. Over the period under review, the export price saw a precipitous decline. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices remained at a lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for China amounted to X% per year.

Abrasives Imports

Imports into Myanmar

In 2021, supplies from abroad of abrasives (natural) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, abrasives imports surged to $X in 2021. In general, imports, however, saw a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), India (X tons) and Australia (X tons) were the main suppliers of abrasives imports to Myanmar, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of abrasives to Myanmar, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Australia (+X% per year).

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Turkey ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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