Price for Copper Plates, Sheets and Strip in Myanmar - 2022

Contents:

1. Price for Copper Plates, Sheets and Strip in Myanmar (CIF) - 2022
2. Price for Copper Plates, Sheets and Strip in Myanmar (FOB) - 2022
3. Imports of Copper Plates, Sheets and Strip in Myanmar
4. Exports of Copper Plates, Sheets and Strip in Myanmar

Price for Copper Plates, Sheets and Strip in Myanmar (CIF) - 2022

The average import price for copper plates, sheets and strips stood at $7,040 per ton in 2022, rising by 57% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs at $9,042 per ton in 2014; however, from 2015 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 ($7,111 per ton), while the price for India ($4,192 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper Plates, Sheets and Strip in Myanmar (FOB) - 2022

In 2022, the average export price for copper plates, sheets and strips amounted to $51,994 per ton, reducing by -2.6% against the previous year. In general, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 233%. Over the period under review, the average export prices attained the maximum at $53,374 per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($72,560 per ton), while the average price for exports to India ($9,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+62.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Plates, Sheets and Strip in Myanmar

For the fourth year in a row, Myanmar recorded growth in overseas purchases of copper plates, sheets and strips, which increased by 142% to 210 tons in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper plates, sheets and strip imports soared to $1.5M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper Plates, Sheets and Strip to Myanmar in 2022:

1. Germany (undefined tons)
2. China (203.5 tons)
3. India (5.6 tons)

Exports of Copper Plates, Sheets and Strip in Myanmar

After two years of decline, shipments abroad of copper plates, sheets and strips increased by 13% to 166 kg in 2022. Over the period under review, exports, however, saw a abrupt descent.

In value terms, copper plates, sheets and strip exports stood at $8.6K in 2022. Overall, exports, however, recorded a drastic downturn.

Top Export Markets for Copper Plates, Sheets and Strip from Myanmar in 2022:

1. Singapore (114.0 kg)
2. Vietnam (50.0 kg)

Source: IndexBox Market Intelligence Platform