Price for Blankets and Travelling Rugs in Myanmar - 2022

Contents:

1. Price for Blankets and Travelling Rugs in Myanmar (CIF) - 2022
2. Price for Blankets and Travelling Rugs in Myanmar (FOB) - 2022
3. Imports of Blankets and Travelling Rugs in Myanmar
4. Exports of Blankets and Travelling Rugs in Myanmar

Price for Blankets and Travelling Rugs in Myanmar (CIF) - 2022

In December 2022, the average blankets and travelling rugs import price amounted to $601 per thousand units, growing by 16% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 22% against the previous month. As a result, import price reached the peak level of $0.7 per unit. From April 2022 to December 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($782 per thousand units), while the price for China stood at $556 per thousand units.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%).

Price for Blankets and Travelling Rugs in Myanmar (FOB) - 2022

In 2022, the average blankets and travelling rugs export price amounted to $13 per unit, growing by 269% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $16 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($11 per unit), while the average price for exports to India ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Blankets and Travelling Rugs in Myanmar

In 2022, overseas purchases of blankets and travelling rugses were finally on the rise to reach 6.3M units after two years of decline. In general, imports, however, faced a abrupt setback. Imports peaked at 9.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, blankets and travelling rugs imports surged to $24M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Blankets and Travelling Rugs to Myanmar in 2022:

1. China (6.0M units)
2. Thailand (0.4M units)

Exports of Blankets and Travelling Rugs in Myanmar

For the third consecutive year, Myanmar recorded decline in shipments abroad of blankets and travelling rugses, which decreased by -85.5% to 34K units in 2022. In general, exports faced a dramatic decrease. The smallest decline of -51.2% was in 2021. The exports peaked at 1.9M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, blankets and travelling rugs exports declined significantly to $450K in 2022. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of -17.3% was in 2021. Over the period under review, the exports attained the maximum at $1.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Blankets and Travelling Rugs from Myanmar in 2022:

1. India (64.7K units)
2. Netherlands (47.7K units)
3. Japan (6.3K units)

Source: IndexBox Market Intelligence Platform