Price for Rubber Thread and Cord; Textile Covered in Myanmar - 2023
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Myanmar (CIF) - 2023
- Price for Rubber Thread and Cord; Textile Covered in Myanmar (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Myanmar
- Exports of Rubber Thread and Cord; Textile Covered in Myanmar
Price for Rubber Thread and Cord; Textile Covered in Myanmar (CIF) - 2023
In December 2023, the average import price for rubber thread and cord; textile covereds amounted to $4,247 per ton, with a decrease of -52.1% against the previous month. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in August 2023 an increase of 223% m-o-m. The import price peaked at $8,872 per ton in November 2023, and then contracted dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($6,167 per ton), while the price for Thailand ($1,168 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber Thread and Cord; Textile Covered in Myanmar (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $5,485 per ton, reducing by -15% against the previous year. In general, the export price recorded a precipitous slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 9.7%. The export price peaked at $99,222 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($5,651 per ton), while the average price for exports to Indonesia amounted to $5,487 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.0%), while the prices for the other major destinations experienced a decline.
Imports of Rubber Thread and Cord; Textile Covered in Myanmar
After three years of growth, purchases abroad of rubber thread and cord; textile covereds decreased by -51.7% to 1.4K tons in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 181%.
In value terms, imports of rubber thread and cord; textile covereds reduced rapidly to $6.3M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 175% against the previous year.
| Import of Rubber Thread and Cord; Textile Covered in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 5.9 | 8.5 | 3.5 | 24.8% |
| Malaysia | 1.3 | 1.4 | 0.4 | 1.7 | 9.4% |
| Thailand | N/A | 0.4 | 1.5 | 0.7 | 32.3% |
| South Korea | 0.1 | 1.2 | 0.5 | 0.3 | 44.2% |
| Vietnam | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Total | 3.4 | 9.4 | 11.4 | 6.3 | 22.8% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Myanmar in 2022:
- China (822.0 tons)
- Thailand (378.5 tons)
- Malaysia (131.7 tons)
- South Korea (47.4 tons)
- Vietnam (3.1 tons)
Exports of Rubber Thread and Cord; Textile Covered in Myanmar
In 2022, overseas shipments of rubber thread and cord; textile covereds decreased by -94.3% to 577 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,158%. As a result, the exports reached the peak of 10 tons, and then shrank sharply in the following year.
In value terms, exports of rubber thread and cord; textile covereds reduced remarkably to $3.2K in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2021 when exports increased by 2,107% against the previous year. As a result, the exports reached the peak of $65K, and then contracted remarkably in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | 13.4 | 2.9 | -78.4% |
| Turkey | N/A | N/A | 0.2 | 0.2 | 0.0% |
| China | 1.9 | 0.3 | 43.9 | N/A | 380.7% |
| Vietnam | 0.5 | 2.6 | 3.1 | N/A | 149.0% |
| Others | N/A | 0.1 | 4.8 | N/A | 4700.0% |
| Total | 2.4 | 3.0 | 65.4 | 3.2 | 10.1% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Myanmar in 2022:
- Indonesia (532.0 kg)
- Turkey (43.0 kg)
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