Myanmar - Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Myanmar: Spun Yarn Market 2021
Spun Yarn Market Size in Myanmar
The Myanmar's spun yarn market surged to $X in 2019, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed significant growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level in 2019 and is likely to see steady growth in the immediate term.
Spun Yarn Imports
Imports into Myanmar
For the third consecutive year, Myanmar recorded growth in supplies from abroad of yarn spun from silk waste, which increased by X% to X tons in 2019. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in the near future.
In value terms, spun yarn imports surged to $X in 2019. In general, imports recorded significant growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.
Imports by Country
In 2019, Italy (X tons) was the main spun yarn supplier to Myanmar, accounting for a approx. X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of volume from Italy amounted to +X%.
In value terms, Italy ($X) constituted the largest supplier of spun yarn to Myanmar.
From 2007 to 2019, the average annual rate of growth in terms of value from Italy stood at +X%.
Import Prices by Country
In 2019, the average spun yarn import price amounted to $X per ton, stabilizing at the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The import price peaked at $X per ton in 2009; however, from 2010 to 2019, import prices failed to regain the momentum.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2007 to 2019, the rate of growth in terms of prices for Italy amounted to -X% per year.
Source: IndexBox Platform
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the spun yarn 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 2025.
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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