Wood; Clothes Hangers Price in Myanmar - 2022

Contents:

1. Wood; Clothes Hangers Price in Myanmar (CIF) - 2022
2. Wood; Clothes Hangers Price in Myanmar (FOB) - 2022
3. Wood; Clothes Hangers Imports in Myanmar
4. Wood; Clothes Hangers Exports in Myanmar

Wood; Clothes Hangers Price in Myanmar (CIF) - 2022

The average wood; clothes hangers import price stood at $1,942 per ton in 2022, picking up by 3% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2018 when the average import price increased by 98%. The import price peaked at $3,790 per ton in 2014; however, from 2015 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 Turkey ($6,635 per ton), while the price for Bangladesh ($1,376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+27.6%), while the prices for the other major suppliers experienced a decline.

Wood; Clothes Hangers Price in Myanmar (FOB) - 2022

In 2022, the average wood; clothes hangers export price amounted to $823 per ton, which is down by -82.2% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2021 when the average export price increased by 47% against the previous year. The export price peaked at $10,795 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,000 per ton), while the average price for exports to Singapore amounted to $534 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.5%).

Wood; Clothes Hangers Imports in Myanmar

Wood; clothes hangers imports into Myanmar skyrocketed to 736 tons in 2022, jumping by 1,764% compared with the previous year. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood; clothes hangers imports skyrocketed to $1.4M in 2022. In general, imports enjoyed a notable expansion.

Top Suppliers of Wood; Clothes Hangers to Myanmar in 2022:

1. China (542.4 tons)
2. Thailand (129.7 tons)
3. Vietnam (24.3 tons)
4. Bangladesh (21.1 tons)

Wood; Clothes Hangers Exports in Myanmar

In 2022, overseas shipments of wood; clothes hangerses decreased by -99.7% to 35 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood; clothes hangers exports reduced remarkably to $29 in 2022. Over the period under review, exports saw a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year.

Top Export Markets for Wood; Clothes Hangers from Myanmar in 2022:

1. Saudi Arabia (22.0 kg)
2. Singapore (13.0 kg)

Source: IndexBox Market Intelligence Platform