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Myanmar - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolystyrene Price in Myanmar - 2022
Contents:
- Polystyrene Price in Myanmar (CIF) - 2022
- Polystyrene Price in Myanmar (FOB) - 2022
- Polystyrene Imports in Myanmar
- Polystyrene Exports in Myanmar
Polystyrene Price in Myanmar (CIF) - 2022
The average polystyrene import price stood at $793 per ton in 2022, reducing by -18.8% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $1,899 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,250 per ton), while the price for the United States ($685 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.2%), while the prices for the other major suppliers experienced a decline.
Polystyrene Price in Myanmar (FOB) - 2022
The average polystyrene export price stood at $555 per ton in 2022, which is down by -24.1% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 24%. The export price peaked at $1,725 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +12.8% per year.
Polystyrene Imports in Myanmar
In 2022, polystyrene imports into Myanmar amounted to 5K tons, picking up by 12% on 2021 figures. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, polystyrene imports contracted to $4M in 2022. Over the period under review, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $4.4M, and then declined in the following year.
Import of Polystyrene in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 172 | 361 | 1,212 | 1,632 | 111.7% |
China | 985 | 286 | 317 | 999 | 0.5% |
Taiwan (Chinese) | 855 | 906 | 1,110 | 900 | 1.7% |
Saudi Arabia | 59.6 | 89.7 | 116 | 214 | 53.1% |
United States | 21.1 | 88.6 | 99.4 | 170 | 100.5% |
Singapore | 643 | 570 | 158 | 24.4 | -66.4% |
South Korea | 249 | 222 | 183 | N/A | -14.3% |
Vietnam | 768 | 389 | 368 | N/A | -30.8% |
India | 285 | 514 | 702 | N/A | 56.9% |
Others | 91.6 | 192 | 118 | 29.1 | -31.8% |
Total | 4,129 | 3,619 | 4,383 | 3,969 | -1.3% |
Top Suppliers of Polystyrene to Myanmar in 2022:
- Thailand (2370.9 tons)
- China (1235.3 tons)
- Taiwan (Chinese) (806.3 tons)
- Saudi Arabia (297.0 tons)
- United States (247.5 tons)
- Singapore (19.5 tons)
Polystyrene Exports in Myanmar
In 2022, exports of polystyrene from Myanmar surged to 314 tons, increasing by 136% on 2021 figures. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,492% against the previous year. As a result, the exports attained the peak of 753 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, polystyrene exports surged to $174K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 3,101%. As a result, the exports reached the peak of $557K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Polystyrene in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | 522 | 69.0 | 174 | -42.3% |
Thailand | 17.4 | N/A | N/A | N/A | 0% |
Malaysia | N/A | N/A | 14.4 | N/A | 0% |
Cambodia | N/A | 34.8 | 13.8 | N/A | -60.3% |
Others | N/A | 0.5 | N/A | N/A | 0% |
Total | 17.4 | 557 | 97.3 | 174 | 115.4% |
Top Export Markets for Polystyrene from Myanmar in 2022:
- China (313.5 tons)
This report provides an in-depth analysis of the polystyrene 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 20162035 - Expansible polystyrene, in primary forms
- Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)
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
-
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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