Myanmar: Linseed Oil Market 2022

Linseed Oil Market Size in Myanmar

The Myanmar's linseed oil market reduced modestly to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Linseed oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Linseed Oil Exports

Exports from Myanmar

Linseed oil exports from Myanmar totaled less than X kg in 2021, standing approx. at the year before. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, linseed oil exports stood at less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons) was the main destination for linseed oil exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Pakistan was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to Pakistan was relatively modest.

Export Prices by Country

In 2017, the average linseed oil export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2017 and is likely to see steady growth in the immediate term.

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

From 2012 to 2017, the rate of growth in terms of prices for Pakistan amounted to X% per year.

Linseed Oil Imports

Imports into Myanmar

In 2021, the amount of linseed oil imported into Myanmar reduced slightly to X tons, with a decrease of -X% on the previous year's figure. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, linseed oil imports shrank to $X in 2021. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Greece (X tons), Italy (X tons) and Thailand (X kg) were the main suppliers of linseed oil imports to Myanmar, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

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

From 2012 to 2021, the average annual growth rate of value from Greece amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average linseed oil import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linseed oil import price decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform