Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar - 2023

Contents:

1. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar (FOB) - 2023
2. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar (CIF) - 2022
3. Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar
4. Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar (FOB) - 2023

In July 2023, the average export price for copper; copper-zinc base alloys (brass) unwroughts amounted to $2,115 per ton, approximately equating the previous month. In general, the export price saw a mild contraction. As a result, the export price reached the peak level of $2,500 per ton. From November 2022 to July 2023, the the average 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 October 2022 to July 2023, the rate of growth in terms of prices for China amounted to -1.8% per month.

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar (CIF) - 2022

In 2022, the average import price for copper; copper-zinc base alloys (brass) unwroughts amounted to $2,495 per ton, with an increase of 7% against the previous year. In general, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, average import prices reached the peak figure at $5,302 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($14,500 per ton), while the price for Thailand ($2,211 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar

In 2022, shipments abroad of copper; copper-zinc base alloys (brass) unwroughts decreased by -11.3% to 5.5 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 583% against the previous year. As a result, the exports reached the peak of 7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts declined to $26K in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 401% against the previous year. As a result, the exports attained the peak of $31K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Myanmar in 2022:

1. China (2.3 tons)
2. Thailand (0.9 tons)

Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Myanmar

In 2022, supplies from abroad of copper; copper-zinc base alloys (brass) unwroughts decreased by -69.6% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 264%.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts contracted rapidly to $3K in 2022. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2020 when imports increased by 115% against the previous year.

Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Myanmar in 2022:

1. Singapore (1142.0 kg)
2. Thailand (38.0 kg)

Source: IndexBox Market Intelligence Platform