Myanmar: Sack And Bag Market 2024

Sack And Bag Market Size in Myanmar

In 2023, the Myanmar's sack and bag market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Sack And Bag Production in Myanmar

In value terms, sack and bag production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Sack and bag production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sack And Bag Exports

Exports from Myanmar

In 2023, approx. X tons of sacks and bags were exported from Myanmar; surging by X% compared with 2022 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, sack and bag exports reduced to $X in 2023. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for sack and bag exports from Myanmar, with a X% share of total exports. Moreover, sack and bag exports to Thailand exceeded the volume sent to the second major destination, Finland (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Australia (X% per year).

In value terms, Thailand ($X) remains the key foreign market for sacks and bags exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Australia, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Australia (X% per year).

Export Prices by Country

In 2023, the average sack and bag export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into Myanmar

After two years of growth, overseas purchases of sacks and bags decreased by X% to X tons in 2023. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, sack and bag imports dropped notably to $X in 2023. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of sack and bag imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and China ($X) were the largest sack and bag suppliers to Myanmar, together accounting for X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw 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

In 2023, the average sack and bag import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sack and bag import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, 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 Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform