Price for Textiles; Worn Clothing and Other Worn Articles in Myanmar - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Myanmar (FOB) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Myanmar (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in Myanmar
- Imports of Textiles; Worn Clothing and Other Worn Articles in Myanmar
Price for Textiles; Worn Clothing and Other Worn Articles in Myanmar (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $584 per ton, which is down by -21.1% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 152%. As a result, the export price reached the peak level of $957 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($609 per ton), while the average price for exports to South Korea amounted to $297 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.8%).
Price for Textiles; Worn Clothing and Other Worn Articles in Myanmar (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $248 per ton in 2022, reducing by -71% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 234%. The import price peaked at $1,072 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($990 per ton), while the price for China ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in Myanmar
In 2022, the amount of textiles; worn clothing and other worn articleses exported from Myanmar soared to 788 tons, with an increase of 139% on 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of textiles; worn clothing and other worn articleses surged to $460K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Textiles; Worn Clothing and Other Worn Articles in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Thailand | 221 | 357 | 61.5% | ||
| South Korea | 15.4 | 47.6 | 209.1% | ||
| Others | 7.3 | 55.5 | 660.3% | ||
| Total | 243 | 460 | 89.3% | ||
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Myanmar in 2022:
- Thailand (585.7 tons)
- South Korea (160.1 tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Myanmar
In 2022, imports of textiles; worn clothing and other worn articleses into Myanmar fell dramatically to 11 tons, declining by -15.2% against the previous year. Overall, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 329% against the previous year.
In value terms, imports of textiles; worn clothing and other worn articleses contracted notably to $2.7K in 2022. Over the period under review, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 415% against the previous year.
| Import of Textiles; Worn Clothing and Other Worn Articles in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.0 | N/A | N/A | 2.0 | -65.6% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Thailand | N/A | N/A | 11.0 | 0.1 | -99.1% |
| South Korea | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 19.9 | N/A | N/A | 0.1 | -82.9% |
| Others | 4.8 | 2.2 | 0.1 | 0.1 | -72.5% |
| Total | 73.7 | 2.2 | 11.2 | 2.7 | -66.8% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Myanmar in 2022:
- China (9.9 tons)
- India (0.3 tons)
- South Korea (0.3 tons)
- Hong Kong SAR (0.3 tons)
- Thailand (0.1 tons)
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