Myanmar - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Myanmar - 2022
Contents:
- Plastic Bag Price in Myanmar (CIF) - 2022
- Plastic Bag Price in Myanmar (FOB) - 2022
- Plastic Bag Imports in Myanmar
- Plastic Bag Exports in Myanmar
Plastic Bag Price in Myanmar (CIF) - 2022
In December 2022, the average plastic bag import price amounted to $2,448 per ton, with an increase of 16% against the previous month. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in January 2022 an increase of 89% month-to-month. Over the period under review, average import prices attained the maximum in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($6,048 per ton), while the price for China ($1,874 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Bag Price in Myanmar (FOB) - 2022
In December 2022, the average plastic bag export price amounted to $1,855 per ton, falling by -3.4% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 75% month-to-month. The export price peaked at $2,717 per ton in July 2022; however, from August 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was Japan ($2,002 per ton), while the average price for exports to the United States ($1,795 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Imports in Myanmar
In 2022, the amount of plastic sacks and bags imported into Myanmar soared to 14K tons, increasing by 25% on 2021 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, plastic bag imports surged to $21M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Plastic Bag in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.5 | 3.5 | 5.9 | 11.4 | 36.3% |
Thailand | 2.0 | 1.7 | 6.1 | 5.3 | 38.4% |
Singapore | 1.1 | 1.3 | 1.3 | 0.8 | -10.1% |
Japan | 0.7 | 0.6 | 0.4 | 0.8 | 4.6% |
South Korea | 0.8 | 0.9 | 0.4 | 0.8 | 0.0% |
Vietnam | 3.5 | 2.7 | 1.6 | 0.7 | -41.5% |
Malaysia | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
Others | 0.8 | 1.7 | 0.7 | 0.5 | -14.5% |
Total | 13.9 | 12.9 | 16.9 | 20.7 | 14.2% |
Top Suppliers of Plastic Bag to Myanmar in 2022:
- China (8.1K tons)
- Thailand (4.4K tons)
- Japan (0.4K tons)
- Vietnam (0.3K tons)
- South Korea (0.3K tons)
- Singapore (0.2K tons)
- Malaysia (0.2K tons)
Plastic Bag Exports in Myanmar
In 2022, shipments abroad of plastic sacks and bags decreased by -38.3% to 4.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year. As a result, the exports attained the peak of 9.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plastic bag exports fell markedly to $8.2M in 2022. Overall, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -38.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Plastic Bag in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.5 | 2.3 | 2.1 | 2.5 | 0.0% |
Thailand | 0.1 | 0.4 | 3.6 | 1.9 | 166.8% |
Norway | N/A | 0.8 | 2.4 | 1.6 | 41.4% |
United States | 3.4 | 8.1 | 1.6 | 1.3 | -27.4% |
Australia | N/A | N/A | N/A | 0.2 | 0% |
Finland | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Sweden | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
India | 0.7 | 0.4 | 0.4 | 0.1 | -47.7% |
Canada | 0.3 | 0.5 | N/A | N/A | 66.7% |
Others | 0.7 | 0.5 | 0.7 | 0.2 | -34.1% |
Total | 7.9 | 13.4 | 11.2 | 8.2 | 1.3% |
Top Export Markets for Plastic Bag from Myanmar in 2022:
- Thailand (1461.5 tons)
- Japan (773.7 tons)
- United States (648.7 tons)
- Norway (643.8 tons)
- Finland (125.4 tons)
- Australia (123.1 tons)
- India (110.8 tons)
- Sweden (53.6 tons)
This report provides an in-depth analysis of the plastic bag 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.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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