Aluminium Wire Price in Myanmar - 2022

Aluminium Wire Price in Myanmar (CIF) - 2022

The average aluminium wire import price stood at $2,230 per ton in 2022, waning by -14% against the previous year. In general, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 41%. The import price peaked at $3,897 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($2,260 per ton) and Vietnam ($2,169 per ton), while the price for South Korea ($1,765 per ton) and Thailand ($2,135 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+43.4%), while the prices for the other major suppliers experienced a decline.

Aluminium Wire Price in Myanmar (FOB) - 2022

The average aluminium wire export price stood at $1,833 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. The export price peaked at $6,069 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Aluminium Wire Imports in Myanmar

In 2022, the amount of aluminium wires imported into Myanmar soared to 1.6K tons, jumping by 22% against 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium wire imports rose rapidly to $3.7M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of $3.8M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Aluminium Wire in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	1,450	1,731	1,944	2,731	23.5%
Vietnam	1,204	59.8	449	727	-15.5%
South Korea	43.5	73.8	64.7	89.6	27.2%
Thailand	3.6	6.9	11.9	62.9	159.5%
Indonesia	N/A	1,930	976	N/A	-49.4%
Others	26.8	31.6	32.2	45.1	18.9%
Total	2,727	3,833	3,478	3,655	10.3%

Top Suppliers of Aluminium Wire to Myanmar in 2022:

Malaysia (1208.3 tons)
Vietnam (335.0 tons)
South Korea (50.8 tons)
Thailand (29.5 tons)

Aluminium Wire Exports in Myanmar

After two years of decline, shipments abroad of aluminium wires decreased by 0% to 126 kg in 2022. In general, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, aluminium wire exports stood at $231 in 2022. Overall, exports recorded a abrupt setback. The smallest decline of 99.9% was in 2020.