Myanmar: Assembled Parquet Panels Market 2022

Assembled Parquet Panels Market Size in Myanmar

In 2021, the Myanmar's assembled parquet panels market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded a moderate expansion. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Assembled Parquet Panels Production in Myanmar

In value terms, assembled parquet panels production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then declined significantly in the following year.

Assembled Parquet Panels Exports

Exports from Myanmar

In 2021, the amount of assembled parquet panels exported from Myanmar soared to X tons, growing by X% on the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels exports rose significantly to $X in 2021. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X tons), Turkey (X tons) and India (X tons) were the main destinations of assembled parquet panels exports from Myanmar, with a combined X% share of total exports. Vietnam, Singapore, Italy and Montenegro lagged somewhat behind, together comprising a further X 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and India ($X) were the largest markets for assembled parquet panels exported from Myanmar worldwide, with a combined X% share of total exports. Italy, Vietnam, Singapore and Montenegro lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 assembled parquet panels export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into Myanmar

In 2021, purchases abroad of assembled parquet panels increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels imports surged to $X in 2021. Overall, imports posted a significant increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of assembled parquet panels to Myanmar, accounting for a X% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of assembled parquet panels to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2020, the average assembled parquet panels import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform