Price for Waste, Parings and Scrap, of Plastics in Myanmar - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Myanmar (CIF) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Myanmar (FOB) - 2022
3. Imports of Waste, Parings and Scrap, of Plastics in Myanmar
4. Exports of Waste, Parings and Scrap, of Plastics in Myanmar

Price for Waste, Parings and Scrap, of Plastics in Myanmar (CIF) - 2022

In 2022, the average import price for waste, parings and scrap, of plasticses amounted to $203 per ton, shrinking by -31.1% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the average import price increased by 47%. The import price peaked at $1,038 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 China ($576 per ton), while the price for Canada ($100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.2%), while the prices for the other major suppliers experienced a decline.

Price for Waste, Parings and Scrap, of Plastics in Myanmar (FOB) - 2022

In 2022, the average export price for waste, parings and scrap, of plasticses amounted to $256 per ton, with an increase of 12% against the previous year. Overall, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure at $570 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($278 per ton), while the average price for exports to Thailand amounted to $214 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Waste, Parings and Scrap, of Plastics in Myanmar

In 2022, imports of waste, parings and scrap, of plasticses into Myanmar surged to 12K tons, increasing by 53% on 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 206% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of waste, parings and scrap, of plasticses expanded remarkably to $2.5M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 increased by +46.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Myanmar in 2022:

1. Thailand (6.5K tons)
2. United States (2.8K tons)
3. Canada (1.2K tons)
4. Australia (0.6K tons)
5. China (0.3K tons)
6. Hong Kong SAR (0.3K tons)
7. Malaysia (0.2K tons)

Exports of Waste, Parings and Scrap, of Plastics in Myanmar

Exports of waste, parings and scrap, of plasticses from Myanmar soared to 4.8K tons in 2022, with an increase of 78% compared with 2021 figures. Overall, exports, however, recorded a deep reduction.

In value terms, exports of waste, parings and scrap, of plasticses skyrocketed to $1.2M in 2022. In general, exports, however, saw a abrupt curtailment.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Myanmar in 2022:

1. Vietnam (3.2K tons)
2. Thailand (1.6K tons)

Source: IndexBox Market Intelligence Platform