Price for Winding Wire of Copper in Myanmar - 2022
Contents:
- Price for Winding Wire of Copper in Myanmar (CIF) - 2022
- Price for Winding Wire of Copper in Myanmar (FOB) - 2022
- Imports of Winding Wire of Copper in Myanmar
- Exports of Winding Wire of Copper in Myanmar
Price for Winding Wire of Copper in Myanmar (CIF) - 2022
The average winding wire of copper import price stood at $1,993 per ton in 2022, declining by -23.9% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2019 an increase of 32%. Over the period under review, average import prices reached the maximum at $10,107 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($8,923 per ton), while the price for China ($1,422 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire of Copper in Myanmar (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $17,629 per ton, picking up by 13% against the previous year. In general, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 57%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($49,200 per ton), while the average price for exports to China ($9,203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+42.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Myanmar
In 2022, after two years of decline, there was significant growth in purchases abroad of winding wire of coppers, when their volume increased by 106% to 6.4K tons. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper imports soared to $13M in 2022. Overall, imports, however, saw a abrupt decline.
| Import of Winding Wire of Copper in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 3.0 | 2.5 | 6.1 | 5.5% |
| Thailand | 2.8 | 4.2 | 1.3 | 2.4 | -5.0% |
| Japan | 1.8 | 2.5 | 0.6 | 1.5 | -5.9% |
| Malaysia | 2.9 | 2.6 | 1.3 | 1.3 | -23.5% |
| Vietnam | 0.2 | 0.1 | 0.1 | 0.8 | 58.7% |
| South Korea | 1.6 | 2.0 | 1.5 | 0.4 | -37.0% |
| Singapore | 1.5 | 1.1 | N/A | N/A | -26.7% |
| Others | 0.7 | 0.4 | 0.7 | 0.2 | -34.1% |
| Total | 16.7 | 16.0 | 8.1 | 12.7 | -8.7% |
Top Suppliers of Winding Wire of Copper to Myanmar in 2022:
- China (4271.8 tons)
- Thailand (1160.5 tons)
- Vietnam (480.1 tons)
- Japan (229.6 tons)
- Malaysia (147.7 tons)
- South Korea (37.2 tons)
Exports of Winding Wire of Copper in Myanmar
Winding wire of copper exports from Myanmar soared to 348 tons in 2022, with an increase of 705% on the previous year. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,403%. As a result, the exports attained the peak of 879 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, winding wire of copper exports soared to $6.1M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,664% against the previous year. As a result, the exports attained the peak of $8.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Winding Wire of Copper in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 0.4 | 0.3 | 4.8 | 246.4% |
| China | 0.4 | 2.0 | 0.1 | 0.8 | 26.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.5 | 0% |
| United Kingdom | N/A | 0.7 | N/A | N/A | 0% |
| Philippines | N/A | 3.6 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 0.1 | N/A | N/A | 0% |
| United States | N/A | 2.0 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 0.5 | 8.9 | 0.7 | 6.1 | 130.2% |
Top Export Markets for Winding Wire of Copper from Myanmar in 2022:
- Hong Kong SAR (246.1 tons)
- China (91.5 tons)
- Taiwan (Chinese) (9.7 tons)
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