Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar - 2023
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (FOB) - 2023
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (CIF) - 2022
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (FOB) - 2023
In December 2023, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $9,887 per ton, waning by -10% against the previous month. Overall, the export price recorded a slight setback. The growth pace was the most rapid in January 2023 an increase of 146% m-o-m. As a result, the export price reached the peak level of $28,633 per ton. From February 2023 to December 2023, the the average export prices remained at a 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 India amounted to 0.0% per month.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (CIF) - 2022
The average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $2,100 per ton in 2022, which is down by -24.7% against the previous year. In general, the import price continues to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 78% against the previous year. The import price peaked at $32,264 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 South Korea ($10,039 per ton), while the price for Singapore ($942 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar
For the fourth consecutive year, Myanmar recorded growth in shipments abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which increased by 34% to 1.9K tons in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 503%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors surged to $27M in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 563% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 1.2 | 9.7 | 20.7 | 310.2% |
| Hong Kong SAR | 0.2 | 0.5 | 1.2 | 2.9 | 143.8% |
| United States | 0.2 | 0.2 | 1.3 | 0.4 | 26.0% |
| Others | 0.1 | 0.2 | 1.2 | 2.9 | 207.2% |
| Total | 0.9 | 2.0 | 13.3 | 26.9 | 210.3% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Myanmar in 2022:
- China (1790.5 tons)
- Hong Kong SAR (57.4 tons)
- United States (19.9 tons)
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar
In 2022, supplies from abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors increased by 47% to 9.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors declined sharply to $14M in 2022. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 19%.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.1 | 2.9 | 1.1 | 5.0 | 33.5% |
| China | 10.3 | 3.8 | 5.1 | 5.0 | -21.4% |
| Vietnam | 2.7 | 3.3 | 1.9 | 2.0 | -9.5% |
| Thailand | 4.4 | 2.9 | 3.5 | 0.8 | -43.3% |
| Singapore | 0.3 | 0.2 | 0.1 | 0.3 | 0.0% |
| Malaysia | 4.8 | 0.5 | 0.2 | 0.2 | -65.3% |
| South Korea | 0.4 | 0.4 | 5.6 | 0.1 | -37.0% |
| Others | 0.9 | 1.3 | 0.6 | 0.2 | -39.4% |
| Total | 25.9 | 15.3 | 18.2 | 13.7 | -19.1% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Myanmar in 2022:
- India (5.3K tons)
- China (2.5K tons)
- Vietnam (0.6K tons)
- Thailand (0.6K tons)
- Singapore (0.3K tons)
- Malaysia (0.1K tons)
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