Price for Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (CIF) - 2022
- Price for Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (FOB) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar
- Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (CIF) - 2022
In 2022, the average import price for copper; bars, rods and profiles, of refined coppers amounted to $6,321 per ton, rising by 23% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the peak figure at $9,357 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($9,699 per ton), while the price for India ($4,730 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.7%), while the prices for the other major suppliers experienced a decline.
Price for Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (FOB) - 2022
The average export price for copper; bars, rods and profiles, of refined coppers stood at $10,000 per ton in 2020, with a decrease of -44.5% against the previous year. Overall, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 an increase of 261%. As a result, the export price reached the peak level of $18,021 per ton, and then dropped remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2018 to 2020, the rate of growth in terms of prices for Japan amounted to +41.5% per year.
Imports of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar
Imports of copper; bars, rods and profiles, of refined coppers into Myanmar shrank sharply to 85 tons in 2022, dropping by -29.9% against 2021 figures. Overall, imports showed a dramatic contraction.
In value terms, imports of copper; bars, rods and profiles, of refined coppers fell to $537K in 2022. Over the period under review, imports saw a sharp setback.
| Import of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 209 | 230 | 117 | 162 | -8.1% |
| Malaysia | 1,048 | 590 | 188 | 121 | -51.3% |
| Thailand | 1,233 | 1,001 | 251 | 88.0 | -58.5% |
| China | 22.6 | 33.6 | 7.9 | 72.5 | 47.5% |
| India | 87.4 | 153 | 25.3 | 63.9 | -9.9% |
| Singapore | 8.5 | 35.0 | 16.5 | 21.0 | 35.2% |
| Turkey | 1,939 | N/A | N/A | N/A | 0% |
| Others | 33.2 | 17.3 | 14.8 | 8.6 | -36.3% |
| Total | 4,582 | 2,060 | 621 | 537 | -51.1% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Refined Copper to Myanmar in 2022:
- Germany (29.5 tons)
- Thailand (16.5 tons)
- Malaysia (14.3 tons)
- India (13.5 tons)
- China (7.9 tons)
- Singapore (2.2 tons)
Exports of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar
Exports of copper; bars, rods and profiles, of refined coppers from Myanmar surged to 153 kg in 2020, jumping by 61% on the year before. Overall, total exports indicated significant growth from 2019 to 2020: its volume increased at an average annual rate of +61.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of copper; bars, rods and profiles, of refined coppers dropped to $1.5K in 2020. Over the period under review, exports, however, saw a abrupt shrinkage.
| Export of Copper; Bars, Rods and Profiles, of Refined Copper in Myanmar (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Japan | 1.7 | 1.5 | -11.8% |
| Others | N/A | N/A | 0% |
| Total | 1.7 | 1.5 | -11.8% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Refined Copper from Myanmar in 2022:
- Japan (153.0 kg)
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