Copper Wire Price in Myanmar - 2022

Contents:

1. Copper Wire Price in Myanmar (CIF) - 2022
2. Copper Wire Price in Myanmar (FOB) - 2022
3. Copper Wire Imports in Myanmar
4. Copper Wire Exports in Myanmar

Copper Wire Price in Myanmar (CIF) - 2022

In 2022, the average copper wire import price amounted to $7,918 per ton, reducing by -2.6% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $9,921 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 South Korea ($10,070 per ton), while the price for Thailand ($4,779 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Price in Myanmar (FOB) - 2022

The average copper wire export price stood at $8,479 per ton in 2022, with an increase of 8.7% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 355%. The export price peaked at $11,750 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($9,180 per ton), while the average price for exports to Malaysia stood at $8,382 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+14.1%), while the prices for the other major destinations experienced a decline.

Copper Wire Imports in Myanmar

In 2022, purchases abroad of copper wires decreased by -6.8% to 851 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 50%. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper wire imports shrank to $6.7M in 2022. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. As a result, imports attained the peak of $18M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Copper Wire to Myanmar in 2022:

1. Vietnam (431.5 tons)
2. China (161.4 tons)
3. Thailand (86.7 tons)
4. Malaysia (47.3 tons)
5. Taiwan (Chinese) (43.7 tons)
6. Indonesia (40.0 tons)
7. South Korea (38.4 tons)

Copper Wire Exports in Myanmar

In 2022, approx. 169 tons of copper wires were exported from Myanmar; rising by 112% on the previous year. In general, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire exports soared to $1.4M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 172% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Copper Wire from Myanmar in 2022:

1. Malaysia (153.6 tons)
2. Japan (14.0 tons)

Source: IndexBox Market Intelligence Platform