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

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

In 2022, the Myanmar's market for wood residues, pellets and other agglomerates decreased by X% to $X, falling for the fifth consecutive year after four years of growth. Overall, consumption, however, showed slight growth. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Myanmar

In value terms, production of wood residues, pellets and other agglomerates dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong 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 appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Myanmar

In 2022, overseas shipments of wood residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the sixth consecutive year after three years of decline. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. 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 residues, pellets and other agglomerates totaled $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Switzerland totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at X%.

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas 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 China stood at $X per cubic meter.

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 a decline.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Myanmar

In 2022, purchases abroad of wood residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after four years of decline. Overall, imports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2022. In general, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid 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 somewhat lower figure.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest supplier of wood residues, pellets and other agglomerates to Myanmar, with a X% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), more than tenfold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

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

In value terms, Malaysia ($X), Thailand ($X) and Germany ($X) appeared to be the largest wood residues, pellets and other agglomerates suppliers to Myanmar, together comprising X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 residues, pellets and other agglomerates stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the import price recorded a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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