
Myanmar - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights
Myanmar: Acetic Acid Market 2022
Acetic Acid Market Size in Myanmar
In 2021, the Myanmar's acetic acid market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.
Acetic Acid Imports
Imports into Myanmar
After two years of decline, supplies from abroad of acetic acid increased by 6.6% to X tons in 2021. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 104% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.
In value terms, acetic acid imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 76%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
Taiwan (Chinese) (X tons), India (X tons) and South Korea (X tons) were the main suppliers of acetic acid imports to Myanmar, with a combined 91% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($X), India ($X) and Taiwan (Chinese) ($X) were the largest acetic acid suppliers to Myanmar, together accounting for 90% of total imports.
Taiwan (Chinese), with a CAGR of +26.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average acetic acid import price stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the acetic acid 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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