
Myanmar - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Myanmar: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023
Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Myanmar
The Myanmar's polyethylene glycol and polyether market rose rapidly to $X in 2021, with an increase of 11% 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 continues to indicate a significant increase. Polyethylene glycol and polyether consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Exports of Polyethylene Glycols and Polyethers in Primary Forms
Exports from Myanmar
In 2021, exports of polyethylene glycols and polyethers in primary forms from Myanmar was estimated at less than X kg, approximately mirroring the previous year. In general, exports showed a relatively flat trend pattern.
In value terms, polyethylene glycol and polyether exports amounted to less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.
Imports of Polyethylene Glycols and Polyethers in Primary Forms
Imports into Myanmar
In 2021, polyethylene glycol and polyether imports into Myanmar skyrocketed to X tons, rising by 19% on the previous year. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 477% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, polyethylene glycol and polyether imports rose markedly to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 480%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Singapore (X tons) constituted the largest polyethylene glycol and polyether supplier to Myanmar, with a 63% share of total imports. Moreover, polyethylene glycol and polyether imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by India (X tons), with a 4.7% share.
From 2012 to 2021, the average annual growth rate of volume from Singapore totaled +64.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+57.3% per year) and India (+39.1% per year).
In value terms, Singapore ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Myanmar, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by India, with a 4.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Singapore amounted to +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.8% per year) and India (+31.4% per year).
Import Prices by Country
The average polyethylene glycol and polyether import price stood at $X per ton in 2021, falling by -9.3% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for polyethylene glycol and polyether 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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