Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar (CIF) - 2022

In 2022, the average import price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $1,145 per ton, with a decrease of -28.6% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 34%. Over the period under review, average import prices hit record highs at $7,108 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,409 per ton), while the price for Vietnam totaled $963 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-9.3%), while the prices for the other major suppliers experienced a decline.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $610 per ton, which is down by -62.8% against the previous year. In general, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,022%. Over the period under review, the average export prices hit record highs at $7,058 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -21.7% per year.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar

In 2022, imports of twine, cordage or rope; knotted netting, of other than man-made textileses into Myanmar contracted markedly to 79 tons, shrinking by -77.1% against the previous year's figure. In general, imports showed a sharp shrinkage. The growth pace was the most rapid in 2021 when imports increased by 23%.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses reduced dramatically to $90K in 2022. Over the period under review, imports recorded a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $551K, and then fell significantly in the following year.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Myanmar in 2022:

1. Vietnam (47.1 tons)
2. China (31.4 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Myanmar

After two years of decline, overseas shipments of twine, cordage or rope; knotted netting, of other than man-made textileses increased by 794% to 92 tons in 2022. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses skyrocketed to $56K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 358% against the previous year. As a result, the exports reached the peak of $96K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Myanmar in 2022:

1. China (92.3 tons)

Source: IndexBox Market Intelligence Platform