Price for Slide Fasteners and Parts Thereof in Myanmar - 2022
Contents:
- Price for Slide Fasteners and Parts Thereof in Myanmar (CIF) - 2022
- Price for Slide Fasteners and Parts Thereof in Myanmar (FOB) - 2022
- Imports of Slide Fasteners and Parts Thereof in Myanmar
- Exports of Slide Fasteners and Parts Thereof in Myanmar
Price for Slide Fasteners and Parts Thereof in Myanmar (CIF) - 2022
The average import price for slide fasteners and parts thereoves stood at $43.8 per thousand units in December 2022, which is down by -16.7% against the previous month. Over the period under review, the import price, however, posted a mild increase. The growth pace was the most rapid in March 2022 when the average import price increased by 118% month-to-month. The import price peaked at $55.7 per thousand units in October 2022; however, from November 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($125 per thousand units), while the price for China ($34.0 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Slide Fasteners and Parts Thereof in Myanmar (FOB) - 2022
The average export price for slide fasteners and parts thereoves stood at $0.2 per unit in 2022, increasing by 105% against the previous year. Overall, the export price recorded a pronounced increase. The export price peaked at $0.3 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Sri Lanka ($0.3 per unit), while the average price for exports to Indonesia stood at less than $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+22.3%), while the prices for the other major destinations experienced a decline.
Imports of Slide Fasteners and Parts Thereof in Myanmar
Slide fasteners and parts thereof imports into Myanmar surged to 1.6B units in 2022, rising by 104% compared with the year before. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, slide fasteners and parts thereof imports soared to $50M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Slide Fasteners and Parts Thereof in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.5 | 26.0 | 17.6 | 31.4 | -1.1% |
| Thailand | 1.4 | 1.2 | 6.2 | 11.7 | 102.9% |
| Vietnam | 1.9 | 2.3 | 3.1 | 3.3 | 20.2% |
| Japan | 2.2 | 1.8 | 1.0 | 1.5 | -12.0% |
| Taiwan (Chinese) | 1.8 | 2.1 | 1.6 | 1.2 | -12.6% |
| South Korea | 2.6 | 1.3 | 0.8 | 0.7 | -35.4% |
| Others | 0.5 | 0.6 | 0.3 | 0.2 | -26.3% |
| Total | 42.9 | 35.3 | 30.7 | 49.9 | 5.2% |
Top Suppliers of Slide Fasteners and Parts Thereof to Myanmar in 2022:
- China (1128.3M units)
- Thailand (294.6M units)
- Vietnam (42.7M units)
- Taiwan (Chinese) (35.5M units)
- Japan (33.9M units)
- South Korea (18.0M units)
Exports of Slide Fasteners and Parts Thereof in Myanmar
After three years of growth, overseas shipments of slide fasteners and parts thereoves decreased by -99.7% to 11K units in 2022. Over the period under review, exports faced a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 213% against the previous year. The exports peaked at 3.3M units in 2021, and then fell rapidly in the following year.
In value terms, slide fasteners and parts thereof exports shrank significantly to $1.7K in 2022. In general, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 185%. Over the period under review, the exports reached the peak figure at $253K in 2021, and then fell rapidly in the following year.
| Export of Slide Fasteners and Parts Thereof in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | 0.1 | 0.1 | 1.6 | 300.0% |
| Indonesia | 2.2 | 1.1 | 10.8 | 0.1 | -64.3% |
| Hong Kong SAR | N/A | 64.1 | 0.5 | N/A | -99.2% |
| China | 34.7 | 38.7 | 103 | N/A | 72.3% |
| Vietnam | 1.7 | 44.4 | 14.9 | N/A | 196.1% |
| Cambodia | 24.1 | 84.6 | 122 | N/A | 125.0% |
| Lao People's Democratic Republic | 16.0 | N/A | N/A | N/A | 0% |
| Others | 3.9 | 2.1 | 1.9 | N/A | -30.2% |
| Total | 82.5 | 235 | 253 | 1.7 | -72.6% |
Top Export Markets for Slide Fasteners and Parts Thereof from Myanmar in 2022:
- Sri Lanka (5.8K units)
- Indonesia (5.0K units)
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