Price for Winding Wire, Other than of Copper in Myanmar - 2023
Contents:
- Price for Winding Wire, Other than of Copper in Myanmar (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Myanmar (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Myanmar
- Exports of Winding Wire, Other than of Copper in Myanmar
Price for Winding Wire, Other than of Copper in Myanmar (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $3,056 per ton in 2022, picking up by 217% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 252% against the previous year. Over the period under review, average import prices reached the maximum at $4,210 per ton in 2016; however, from 2017 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 Singapore ($14,736 per ton), while the price for Indonesia ($833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Myanmar (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $2,700 per ton in 2022, declining by -28% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price decreased by -21.9%. The export price peaked at $164,087 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($3,987 per ton), while the average price for exports to the United States ($1,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-7.6%), while the prices for the other major destinations experienced a decline.
Imports of Winding Wire, Other than of Copper in Myanmar
In 2022, after two years of decline, there was significant growth in purchases abroad of winding wire, other than of coppers, when their volume increased by 7% to 1.4K tons. In general, imports, however, continue to indicate a deep contraction.
In value terms, imports of winding wire, other than of coppers reached $3.6M in 2022. Over the period under review, imports, however, continue to indicate a precipitous descent.
| Import of Winding Wire, Other than of Copper in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 660 | 2,220 | 984 | 2,245 | 50.4% |
| China | 4,812 | 2,693 | 1,526 | 421 | -55.6% |
| Indonesia | 284 | 228 | 229 | 291 | 0.8% |
| Turkey | 304 | 212 | 184 | 204 | -12.5% |
| Singapore | 218 | 304 | 212 | 179 | -6.4% |
| South Korea | 611 | 30.8 | 4.1 | 57.2 | -54.6% |
| India | 136 | 34.0 | 30.2 | 46.3 | -30.2% |
| Others | 511 | 225 | 121 | 112 | -39.7% |
| Total | 7,537 | 5,946 | 3,289 | 3,556 | -22.2% |
Top Suppliers of Winding Wire, Other than of Copper to Myanmar in 2022:
- Thailand (623.1 tons)
- Indonesia (349.9 tons)
- China (294.5 tons)
- Turkey (36.2 tons)
- India (24.2 tons)
- Singapore (12.1 tons)
- South Korea (8.5 tons)
Exports of Winding Wire, Other than of Copper in Myanmar
In 2022, overseas shipments of winding wire, other than of coppers decreased by -99.8% to 235 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 13,873% against the previous year. As a result, the exports attained the peak of 2.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of winding wire, other than of coppers declined notably to $921 in 2022. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2020 with an increase of 7,681%. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Winding Wire, Other than of Copper in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 2.8 | 0.6 | N/A | 73.2% |
| Philippines | N/A | 8.9 | N/A | N/A | 0% |
| United States | N/A | 1.4 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.2 | 13.2 | 0.6 | N/A | 73.2% |
Top Export Markets for Winding Wire, Other than of Copper from Myanmar in 2022:
- China (229.0 kg)
- United States (1.0 kg)
- Philippines (1.0 kg)
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