Myanmar: Textile Tubing Market 2023

Textile Tubing Market Size in Myanmar

In 2021, the Myanmar's textile tubing market increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Textile tubing consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Textile Tubing Production in Myanmar

In value terms, textile tubing production soared to $X in 2021 estimated in export price. In general, production, however, saw a pronounced slump. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Myanmar

In 2020, overseas shipments of textile hosepiping and similar textile tubing decreased by 0% to X kg, falling for the second year in a row after five years of growth. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2018 with an increase of 375%. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, textile tubing exports totaled $X in 2020. In general, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 472% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X kg) was the main destination for textile tubing exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Vietnam totaled -29.7%.

From 2012 to 2020, the average annual growth rate of value to Vietnam totaled -28.2%.

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2020, the rate of growth in terms of prices for Vietnam amounted to +2.2% per year.

Textile Tubing Imports

Imports into Myanmar

Textile tubing imports into Myanmar fell sharply to X tons in 2021, declining by -18.4% on the previous year's figure. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 294%. Imports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, textile tubing imports fell markedly to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 124%. Over the period under review, imports reached the maximum at $X in 2020, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X tons) was the main supplier of textile tubing to Myanmar, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +48.7%.

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.3%.

Import Prices by Country

In 2021, the average textile tubing import price amounted to $X per ton, shrinking by -8.5% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 -18.5% per year.

Source: IndexBox Market Intelligence Platform

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