Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar - 2023
Contents:
- Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar (CIF) - 2022
- Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar
Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar (CIF) - 2022
In 2022, the average import price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $1.3 per square meter, with a decrease of -16.1% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2018 an increase of 65% against the previous year. The import price peaked at $2.8 per square meter in 2012; however, from 2013 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 Japan ($2.5 per square meter), while the price for Germany ($0.3 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-4.1%), while the prices for the other major suppliers experienced a decline.
Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar
In 2022, the amount of textile fabrics, rubberised; other than those of heading no. 5902s imported into Myanmar soared to 1.2M square meters, with an increase of 226% on 2021. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 252%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s skyrocketed to $1.5M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 359% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
Import of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.9 | 20.9 | 334 | 1,185 | 202.3% |
Thailand | 2.3 | 2.5 | 43.6 | 113 | 266.3% |
Japan | 15.1 | 20.6 | 67.5 | 94.6 | 84.3% |
Russia | 45.5 | 33.6 | 41.7 | 52.3 | 4.8% |
Hong Kong SAR | 36.6 | 5.3 | 6.6 | 8.0 | -39.8% |
Germany | 16.4 | 10.7 | 12.9 | 0.1 | -81.7% |
Others | 24.0 | 26.8 | 45.5 | 55.8 | 32.5% |
Total | 183 | 120 | 552 | 1,509 | 102.0% |
Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Myanmar in 2022:
- China (782.1K square meters)
- Thailand (316.8K square meters)
- Japan (38.3K square meters)
- Russia (26.6K square meters)
- Hong Kong SAR (3.8K square meters)
- Germany (0.3K square meters)
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