Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $3,172 per ton in 2022, with a decrease of -6.8% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 130% against the previous year. Over the period under review, average import prices hit record highs at $7,757 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,619 per ton), while the price for Thailand stood at $3,007 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+81.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar
In 2022, approx. 19 tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into Myanmar; surging by 72% against the year before. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 202% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $61K in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 138% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.4 | N/A | N/A | 42.3 | 131.7% |
| China | 11.9 | 15.3 | 31.8 | 18.7 | 16.3% |
| South Korea | N/A | N/A | 6.2 | N/A | 0% |
| Others | 0.8 | 0.6 | N/A | N/A | -25.0% |
| Total | 16.1 | 16.0 | 38.0 | 61.0 | 55.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Myanmar in 2022:
- Thailand (14.1 tons)
- China (5.2 tons)
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