Myanmar - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Myanmar: Sodium Nitrate Market 2022
Sodium Nitrate Market Size in Myanmar
In 2021, the Myanmar's sodium nitrate market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. In general, consumption faced a sharp contraction. Sodium nitrate consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.
Sodium Nitrate Imports
Imports into Myanmar
In 2021, purchases abroad of sodium nitrate decreased by -X% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, sodium nitrate imports contracted rapidly to $X in 2021. In general, imports showed a precipitous curtailment. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest sodium nitrate supplier to Myanmar, accounting for a X% share of total imports. Moreover, sodium nitrate imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold.
From 2012 to 2021, the average annual growth rate of volume from China stood at -X%.
In value terms, China ($X) constituted the largest supplier of sodium nitrate to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -X%.
Import Prices by Country
In 2021, the average sodium nitrate import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Thailand totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).
Source: IndexBox Platform
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This report provides an in-depth analysis of the sodium nitrate market 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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