Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar (CIF) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $269,110 per ton in 2022, growing by 105% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($309,571 per ton), while the price for Thailand ($61,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+150.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar
In 2022, the amount of articles of precious metal or of metal clad with precious metal imported into Myanmar surged to 218 kg, growing by 1,577% against the year before. Overall, imports, however, recorded a perceptible slump.
In value terms, imports of articles of precious metal or of metal clad with precious metal soared to $59K in 2022. Over the period under review, imports posted a remarkable increase.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 16.3 | 77.9 | 1.3 | 39.0 | 33.7% |
| China | 7.3 | 1.6 | N/A | 12.3 | 19.0% |
| Thailand | 11.8 | 12.4 | 0.2 | 2.9 | -37.4% |
| Singapore | 2.7 | 4.9 | 0.1 | N/A | -80.8% |
| Others | 5.3 | 5.8 | 0.1 | 4.5 | -5.3% |
| Total | 43.3 | 103 | 1.7 | 58.7 | 10.7% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Myanmar in 2022:
- Italy (126.0 kg)
- Thailand (47.0 kg)
- China (42.0 kg)
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