Price for Dyes; Pigments and Preparations Based Thereon in Myanmar - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Myanmar (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in Myanmar (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Myanmar
- Exports of Dyes; Pigments and Preparations Based Thereon in Myanmar
Price for Dyes; Pigments and Preparations Based Thereon in Myanmar (CIF) - 2022
The average import price for dyes; pigments and preparations based therea stood at $4,847 per ton in 2022, growing by 18% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 59%. The import price peaked at $11,101 per ton in 2012; however, from 2013 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 the Philippines ($9,402 per ton), while the price for Thailand ($2,200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+82.2%), while the prices for the other major suppliers experienced a decline.
Price for Dyes; Pigments and Preparations Based Thereon in Myanmar (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $6,133 per ton in 2022, growing by 49% against the previous year. Overall, the export price, however, showed a precipitous setback. Over the period under review, the average export prices reached the maximum at $16,236 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2020 to 2022, the rate of growth in terms of prices for China amounted to -38.5% per year.
Imports of Dyes; Pigments and Preparations Based Thereon in Myanmar
After three years of growth, purchases abroad of dyes; pigments and preparations based therea decreased by -18.4% to 408 tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year.
In value terms, imports of dyes; pigments and preparations based therea dropped to $2M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +57.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year.
| Import of Dyes; Pigments and Preparations Based Thereon in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 118 | 129 | 242 | 449 | 56.1% |
| Philippines | 344 | 563 | 469 | 389 | 4.2% |
| China | 183 | 524 | 620 | 329 | 21.6% |
| Germany | 69.5 | 81.8 | 178 | 214 | 45.5% |
| South Korea | 2.3 | 86.1 | 101 | 184 | 330.9% |
| India | 178 | 204 | 259 | 131 | -9.7% |
| Thailand | 17.6 | 94.9 | 60.1 | 47.5 | 39.2% |
| Others | 349 | 64.3 | 127 | 236 | -12.2% |
| Total | 1,261 | 1,747 | 2,055 | 1,979 | 16.2% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Myanmar in 2022:
- Malaysia (85.1 tons)
- China (71.6 tons)
- Germany (64.5 tons)
- South Korea (52.4 tons)
- India (47.6 tons)
- Philippines (41.4 tons)
- Thailand (21.6 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Myanmar
In 2022, overseas shipments of dyes; pigments and preparations based therea decreased by -31.3% to 3.8 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 276%. As a result, the exports attained the peak of 5.6 tons, and then declined notably in the following year.
In value terms, exports of dyes; pigments and preparations based therea totaled $24K in 2022. Over the period under review, exports showed a mild slump.
| Export of Dyes; Pigments and Preparations Based Thereon in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 24.0 | 22.8 | 23.5 | -1.0% | |
| Others | 0.1 | 0.1 | N/A | 0.0% | |
| Total | 24.1 | 22.9 | 23.5 | -1.3% | |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Myanmar in 2022:
- China (3.8 tons)
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