Myanmar: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Myanmar

In 2022, the Myanmar's market for aluminium casks, drums, cans, boxes and similar containers increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a significant expansion. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Myanmar

In value terms, production of aluminium casks, drums, cans, boxes and similar containers dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Myanmar

In 2022, overseas shipments of aluminium casks, drums, cans, boxes and similar containers decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Vietnam (X units), Thailand (X units) and Malaysia (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from Myanmar, together comprising X% of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium cask, drum, can, box and similar container exported from Myanmar were Vietnam ($X), Malaysia ($X) and Timor-Leste ($X), together comprising X% of total exports. Cambodia, Guinea and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Thailand (less than $X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Myanmar

In 2022, overseas purchases of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of imports of aluminium casks, drums, cans, boxes and similar containers to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) were the largest aluminium cask, drum, can, box and similar container suppliers to Myanmar, together accounting for X% of total imports.

Among the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Malaysia ($X per unit), while the price for Vietnam ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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