Price for Wood; Statuettes and Other Ornaments of Wood in Myanmar - 2022

Price for Wood; Statuettes and Other Ornaments of Wood in Myanmar (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $1,033 per ton in 2022, increasing by 20% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 380%. The import price peaked at $5,626 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($33,000 per ton), while the price for China ($901 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3,756.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wood; Statuettes and Other Ornaments of Wood in Myanmar (FOB) - 2022

The average export price for wood; statuettes and other ornaments of wood stood at $2,967 per ton in 2022, surging by 5.2% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 94%. Over the period under review, the average export prices hit record highs at $10,683 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($9,000 per ton), while the average price for exports to China ($983 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-15.8%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Statuettes and Other Ornaments of Wood in Myanmar

In 2022, the amount of wood; statuettes and other ornaments of wood imported into Myanmar fell sharply to 2.9 tons, with a decrease of -41.6% against the previous year. Overall, imports showed a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year.

In value terms, imports of wood; statuettes and other ornaments of wood fell rapidly to $3K in 2022. In general, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 151%.

Import of Wood; Statuettes and Other Ornaments of Wood in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.1	0.9	3.2	2.3	-27.8%
Thailand	1.5	0.3	0.3	0.2	-48.9%
Others	0.9	0.5	0.7	0.4	-23.7%
Total	8.5	1.7	4.2	3.0	-29.3%

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Myanmar in 2022:

China (2546.0 kg)
Thailand (226.0 kg)

Exports of Wood; Statuettes and Other Ornaments of Wood in Myanmar

For the third year in a row, Myanmar recorded decline in overseas shipments of wood; statuettes and other ornaments of wood, which decreased by -5.4% to 642 kg in 2022. Overall, exports recorded a sharp setback. The smallest decline of -0.6% was in 2021.

In value terms, exports of wood; statuettes and other ornaments of wood reduced to $1.9K in 2022. In general, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 1.4%.

Export of Wood; Statuettes and Other Ornaments of Wood in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.9	0.3	0.3	0.3	-60.6%
China	11.8	0.2	0.2	0.3	-70.6%
Singapore	1.0	0.1	0.1	0.1	-53.6%
Mexico	1.6	0.1	0.1	0.1	-60.3%
France	4.9	0.2	N/A	0.1	-72.7%
Thailand	12.3	0.2	0.2	0.1	-79.9%
Japan	0.6	N/A	N/A	N/A	0%
Malaysia	0.7	N/A	N/A	N/A	0%
Others	17.1	0.8	0.9	0.8	-64.0%
Total	55.0	1.9	1.9	1.9	-67.4%