Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar - 2023

Contents:

1. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar (CIF) - 2023
2. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar (FOB) - 2022
3. Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar
4. Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar (CIF) - 2023

In December 2023, the average import price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes amounted to $470 per thousand square meters, reducing by -75.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 154% m-o-m. The import price peaked at $3.0 per square meter in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +2.7% per month.

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar (FOB) - 2022

The average export price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes stood at $4.3 per square meter in 2021, shrinking by -19.8% against the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 5,360% against the previous year. As a result, the export price attained the peak level of $5.3 per square meter, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($10 per square meter), while the average price for exports to Morocco ($1 per square meter) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1,035.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar

In 2022, the amount of textile fabrics; impregnated, coated, covered or laminated with polyurethanes imported into Myanmar surged to 8.3M square meters, increasing by 27% on 2021. The total import volume increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes rose slightly to $11M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane to Myanmar in 2022:

1. China (5.4M square meters)
2. Thailand (1.7M square meters)
3. South Korea (0.6M square meters)
4. Italy (0.4M square meters)
5. Vietnam (0.2M square meters)

Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Myanmar

In 2021, approx. 7 square meters of textile fabrics; impregnated, coated, covered or laminated with polyurethanes were exported from Myanmar; dropping by 99.9% on the year before. In general, exports saw a sharp curtailment. The smallest decline of -76.1% was in 2020. The exports peaked at 674K square meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes fell remarkably to $30 in 2021. Over the period under review, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 1,204% against the previous year. As a result, the exports reached the peak of $860K, and then fell rapidly in the following year.

Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane from Myanmar in 2022:

1. Indonesia (1.0 square meters)
2. Cambodia (1.0 square meters)
3. Morocco (1.0 square meters)
4. Vietnam (1.0 square meters)
5. China (1.0 square meters)
6. Belgium (1.0 square meters)
7. Hong Kong SAR (1.0 square meters)

Source: IndexBox Market Intelligence Platform