Myanmar: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Myanmar

In 2022, the Myanmar's market for wood chips, parts, residues, pellets and other agglomerates decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Myanmar

In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Myanmar

In 2022, overseas shipments of wood chips, parts, residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the sixth consecutive year after three years of decline. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Myanmar, with a X% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Thailand exceeded the volume sent to the second major destination, Switzerland (X cubic meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and China (X% per year).

In value terms, Thailand ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and China (X% per year).

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per cubic meter), while the average price for exports to Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Myanmar

In 2022, the amount of wood chips, parts, residues, pellets and other agglomerates imported into Myanmar contracted markedly to X cubic meters, declining by X% against the previous year's figure. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X cubic meters. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates dropped dramatically to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Myanmar, with a X% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), sixfold. Thailand (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Myanmar were Malaysia ($X), Thailand ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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