Myanmar: Market for Shampoos, Hair Lacquers And Other Preparations 2022

Market Size for Shampoos, Hair Lacquers And Other Preparations in Myanmar

In 2021, the Myanmar's market for shampoos, hair lacquers and other preparations decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption showed a mild descent. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Shampoos, Hair Lacquers And Other Preparations in Myanmar

In value terms, production of shampoos, hair lacquers and other preparations contracted dramatically to $X in 2021 estimated in export price. In general, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Myanmar

In 2021, the amount of shampoos, hair lacquers and other preparations exported from Myanmar skyrocketed to X tons, with an increase of X% on the previous year's figure. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from Myanmar, accounting for a X% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Singapore exceeded the volume sent to the second major destination, Malaysia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Australia (+X% per year).

In value terms, Singapore ($X) remains the key foreign market for shampoo, hair lacquer and other preparations exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Australia (+X% per year).

Export Prices by Country

In 2021, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, waning by -X% against the previous year. In general, the export price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Myanmar

In 2021, purchases abroad of shampoos, hair lacquers and other preparations was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations rose remarkably to $X in 2021. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Myanmar, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of shampoo, hair lacquer and other preparations to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2021, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($X per ton), while the price for China ($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 (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform