Tungsten (Wolfram); Wire Price in Myanmar - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Myanmar (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Myanmar (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Myanmar
- Tungsten (Wolfram); Wire Exports in Myanmar
Tungsten (Wolfram); Wire Price in Myanmar (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $116 per ton in 2022, remaining constant against the previous year. In general, the import price showed a precipitous contraction. The growth pace was the most rapid in 2019 when the average import price increased by 117% against the previous year. Over the period under review, average import prices hit record highs at $218,412 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($9,000 per ton), while the price for China ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-17.3%), while the prices for the other major suppliers experienced a decline.
Tungsten (Wolfram); Wire Price in Myanmar (FOB) - 2022
In 2020, the average tungsten (wolfram); wire export price amounted to $300 per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 3.3%. Over the period under review, the average export prices reached the peak figure at $300 per ton in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Malaysia ($300 per ton), while the average price for exports to Singapore amounted to $300 per ton.
From 2014 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.6%).
Tungsten (Wolfram); Wire Imports in Myanmar
After two years of decline, overseas purchases of tungsten (wolfram); wires decreased by 0% to 34 kg in 2022. Overall, imports saw a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, tungsten (wolfram); wire imports stood at $199 in 2022. Over the period under review, imports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Tungsten (Wolfram); Wire in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 19.0 | N/A | N/A | 182 | 112.4% |
| Taiwan (Chinese) | 12.0 | N/A | N/A | 9.0 | -9.1% |
| Malaysia | 7.0 | N/A | N/A | 7.0 | 0.0% |
| China | 2.0 | N/A | N/A | 1.0 | -20.6% |
| United States | 1.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 41.0 | N/A | N/A | 199 | 69.3% |
Top Suppliers of Tungsten (Wolfram); Wire to Myanmar in 2022:
- Thailand (31.0 kg)
- China (1.0 kg)
- Taiwan (Chinese) (1.0 kg)
- Malaysia (1.0 kg)
Tungsten (Wolfram); Wire Exports in Myanmar
Tungsten (wolfram); wire exports from Myanmar plummeted to 68 tons in 2020, waning by -27.8% compared with the previous year. Overall, exports continue to indicate a sharp decline.
In value terms, tungsten (wolfram); wire exports contracted markedly to $20K in 2020. Over the period under review, exports continue to indicate a significant curtailment.
| Export of Tungsten (Wolfram); Wire in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Singapore | 25.0 | 14.1 | -43.6% | ||
| Malaysia | 3.3 | 6.4 | 93.9% | ||
| Others | N/A | N/A | 0% | ||
| Total | 28.3 | 20.5 | -27.6% | ||
Top Export Markets for Tungsten (Wolfram); Wire from Myanmar in 2022:
- Singapore (47.0 tons)
- Malaysia (21.2 tons)
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