Myanmar: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Myanmar

The Myanmar's aluminium alloy tube market reduced remarkably to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep contraction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Alloy Tube Exports

Exports from Myanmar

In 2021, after six years of growth, there was significant decline in overseas shipments of aluminium alloy tubes and pipes, when their volume decreased by X% to X tons. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined markedly in the following year.

In value terms, aluminium alloy tube exports dropped remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Singapore (X tons) was the main destination for aluminium alloy tube exports from Myanmar, accounting for a X% share of total exports. Moreover, aluminium alloy tube exports to Singapore exceeded the volume sent to the second major destination, China (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for aluminium alloy tubes and pipes exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and China (X% per year).

Export Prices by Country

In 2021, the average aluminium alloy tube export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

Aluminium Alloy Tube Imports

Imports into Myanmar

In 2022, the amount of aluminium alloy tubes and pipes imported into Myanmar shrank markedly to X tons, waning by X% compared with 2021 figures. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy tube imports fell markedly to $X in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium alloy tube to Myanmar, accounting for a X% share of total imports. Moreover, aluminium alloy tube imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Singapore ($X), China ($X) and Taiwan (Chinese) ($X) were the largest aluminium alloy tube suppliers to Myanmar, together comprising X% of total imports. India, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy tube import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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