Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar - 2023
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar (CIF) - 2022
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar (CIF) - 2022
In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, growing by 8.2% against the previous year. In general, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $0.7 per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($0.7 per square meter), while the price for China ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar
After three years of growth, purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -98.3% to 471K square meters in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 18,429%. As a result, imports attained the peak of 28M square meters, and then fell significantly in the following year.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped remarkably to $180K in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 23,957%. As a result, imports attained the peak of $9.7M, and then declined sharply in the following year.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.5 | 29.4 | 6,761 | 108 | 124.9% |
| China | 31.8 | 4.9 | 1,210 | 37.8 | 5.9% |
| Thailand | 2.4 | 2.1 | 404 | 11.5 | 68.6% |
| Vietnam | 2.7 | 2.6 | 986 | 10.4 | 56.8% |
| Others | 4.3 | 1.4 | 348 | 12.5 | 42.7% |
| Total | 50.8 | 40.4 | 9,709 | 180 | 52.5% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Myanmar in 2022:
- India (262.1K square meters)
- China (169.2K square meters)
- Vietnam (17.2K square meters)
- Thailand (16.8K square meters)
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