Myanmar: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Myanmar

In 2021, the Myanmar's silk shawl and scarf market increased by X% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption recorded notable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Silk Shawls And Scarves in Myanmar

In value terms, silk shawl and scarf production fell notably to $X in 2021 estimated in export price. In general, production, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted remarkably in the following year.

Exports of Silk Shawls And Scarves

Exports from Myanmar

In 2021, after six years of growth, there was significant decline in shipments abroad of silk shawls and scarves, when their volume decreased by -X% to X units. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X units in 2020, and then fell sharply in the following year.

In value terms, silk shawl and scarf exports shrank notably to $X in 2021. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2020, and then declined markedly in the following year.

Exports by Country

Germany (X units) was the main destination for silk shawl and scarf exports from Myanmar, with a X% share of total exports. Moreover, silk shawl and scarf exports to Germany exceeded the volume sent to the second major destination, Japan (X units), tenfold. Norway (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Japan ($X) remains the key foreign market for silk shawl and scarf exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Norway (+X% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the export price, however, faced a deep downturn. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced a decline.

Imports of Silk Shawls And Scarves

Imports into Myanmar

In 2021, imports of silk shawls and scarves into Myanmar surged to X units, with an increase of X% compared with the previous year's figure. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, silk shawl and scarf imports surged to $X in 2021. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of silk shawl and scarf to Myanmar, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of silk shawl and scarf to Myanmar.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Platform