Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Myanmar - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Myanmar (CIF) - 2022
2. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Myanmar

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Myanmar (CIF) - 2022

In December 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $1,938 per ton, declining by -10.5% against the previous month. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in August 2022 an increase of 83% m-o-m. The import price peaked at $4,191 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,921 per ton), while the price for Vietnam totaled $1,200 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-2.7%).

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Myanmar

In 2022, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses into Myanmar dropped rapidly to 923 tons, reducing by -16.3% compared with the previous year. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.7% 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 +33.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. As a result, imports reached the peak of 1.1K tons, and then contracted sharply in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses shrank remarkably to $1.7M in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to Myanmar in 2022:

1. China (826.7 tons)
2. Vietnam (89.6 tons)
3. Taiwan (Chinese) (5.0 tons)

Source: IndexBox Market Intelligence Platform