Price for Wadding; Other Articles Thereof, of Cotton in Myanmar - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Myanmar (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Myanmar (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Myanmar
- Exports of Wadding; Other Articles Thereof, of Cotton in Myanmar
Price for Wadding; Other Articles Thereof, of Cotton in Myanmar (CIF) - 2022
The average import price for wadding; other articles thereof, of cotta stood at $1,827 per ton in 2022, with a decrease of -4.4% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57%. The import price peaked at $5,858 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($4,414 per ton), while the price for Thailand ($1,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the prices for the other major suppliers experienced a decline.
Price for Wadding; Other Articles Thereof, of Cotton in Myanmar (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $2,653 per ton in 2021, shrinking by -66.7% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2016 when the average export price decreased by -4.2%. The export price peaked at $7,957 per ton in 2020, and then fell remarkably in the following year.
Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($2,788 per ton), while the average price for exports to India stood at $2,348 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-11.6%).
Imports of Wadding; Other Articles Thereof, of Cotton in Myanmar
In 2022, imports of wadding; other articles thereof, of cotta into Myanmar skyrocketed to 538 tons, increasing by 219% against the previous year's figure. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of wadding; other articles thereof, of cotta soared to $983K in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.5 | 19.4 | 48.0 | 490 | 101.9% |
| Thailand | 59.4 | 147 | 82.3 | 222 | 55.2% |
| Turkey | 6.8 | 25.0 | 92.9 | 163 | 188.3% |
| Indonesia | 10.8 | 28.6 | 10.7 | 46.5 | 62.7% |
| Bangladesh | N/A | 12.7 | N/A | N/A | 0% |
| Others | 81.3 | 81.4 | 88.7 | 61.3 | -9.0% |
| Total | 218 | 314 | 323 | 983 | 65.2% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Myanmar in 2022:
- China (298.5 tons)
- Thailand (136.2 tons)
- Turkey (83.9 tons)
- Indonesia (10.5 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Myanmar
In 2021, approx. 75 kg of wadding; other articles thereof, of cotta were exported from Myanmar; dropping by -98.4% against 2020 figures. Overall, exports recorded a precipitous curtailment.
In value terms, exports of wadding; other articles thereof, of cotta plummeted to $199 in 2021. In general, exports showed a dramatic decline.
| Export of Wadding; Other Articles Thereof, of Cotton in Myanmar (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Indonesia | N/A | 0.1 | 0% |
| India | 3.8 | 0.1 | -97.4% |
| Japan | 32.9 | N/A | 0% |
| Others | 0.5 | N/A | 0% |
| Total | 37.2 | 0.2 | -99.5% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Myanmar in 2022:
- Indonesia (52.0 kg)
- India (23.0 kg)
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