Myanmar: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Myanmar

The Myanmar's broom, brush, and mop market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a pronounced reduction. Broom, brush, and mop consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Brooms, Brushes, And Mops in Myanmar

In value terms, broom, brush, and mop production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Broom, brush, and mop production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Brooms, Brushes, And Mops

Exports from Myanmar

In 2022, overseas shipments of brooms, brushes, and mops decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, broom, brush, and mop exports declined dramatically to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell notably in the following year.

Exports by Country

Malaysia (X units), India (X units) and Pakistan (X units) were the main destinations of broom, brush, and mop exports from Myanmar, with a combined X% share of total exports. South Korea, Thailand, China and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 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 broom, brush, and mop exported from Myanmar were South Korea ($X), Malaysia ($X) and India ($X), with a combined X% share of total exports. Pakistan, Thailand, China and Singapore lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average broom, brush, and mop export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Brooms, Brushes, And Mops

Imports into Myanmar

In 2022, the amount of brooms, brushes, and mops imported into Myanmar skyrocketed to X units, picking up by X% against the previous year. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, broom, brush, and mop imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest broom, brush, and mop supplier to Myanmar, with a X% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

The average broom, brush, and mop import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform