Myanmar: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Myanmar

The Myanmar's market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined notably to $X in 2023, falling by X% against the previous year. Over the period under review, consumption showed a drastic downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Myanmar

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted rapidly to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Myanmar

In 2023, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2023. In general, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Myanmar, accounting for a X% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2018 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with an X% share of total exports.

From 2018 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2018 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Myanmar

In 2023, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Myanmar shrank rapidly to X tons, waning by X% compared with the previous year's figure. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted to $X in 2023. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Myanmar, accounting for a X% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Myanmar, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform