Price for Copper; Refined and Copper Alloys, Unwrought in Myanmar - 2023

Price for Copper; Refined and Copper Alloys, Unwrought in Myanmar (FOB) - 2023

In December 2023, the average export price for copper; refined and copper alloys, unwroughts amounted to $3,031 per ton, picking up by 1.6% against the previous month. Over the period under review, export price indicated a mild expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for copper; refined and copper alloys, unwroughts increased by +1.6% against November 2023 indices. The growth pace was the most rapid in July 2023 when the average export price increased by 25% m-o-m. The export price peaked at $5,261 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +1.5% per month.

Price for Copper; Refined and Copper Alloys, Unwrought in Myanmar (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $2,856 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 46%. The import price peaked at $7,975 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($3,975 per ton), while the price for China stood at $1,942 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Refined and Copper Alloys, Unwrought in Myanmar

In 2022, shipments abroad of copper; refined and copper alloys, unwroughts decreased by -95.8% to 1.9K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 161K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; refined and copper alloys, unwroughts fell remarkably to $10M in 2022. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of $925M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Copper; Refined and Copper Alloys, Unwrought in Myanmar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	503	626	249	9.9	-73.0%
Thailand	124	184	24.9	N/A	-55.2%
Vietnam	98.6	45.6	15.5	N/A	-60.4%
Malaysia	25.4	7.7	8.1	N/A	-43.5%
Indonesia	52.1	60.3	11.0	N/A	-54.1%
Others	0.6	1.3	0.1	0.3	-20.6%
Total	804	925	309	10.2	-76.7%

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Myanmar in 2022:

China (1903.4 tons)

Imports of Copper; Refined and Copper Alloys, Unwrought in Myanmar

In 2022, approx. 172 tons of copper; refined and copper alloys, unwroughts were imported into Myanmar; with an increase of 52% against 2021 figures. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 399%. As a result, imports reached the peak of 253 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; refined and copper alloys, unwroughts skyrocketed to $491K in 2022. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 197%. As a result, imports attained the peak of $883K. From 2021 to 2022, the growth of imports of failed to regain momentum.