Report Update Apr 1, 2024

Myanmar - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Silver Ore Market 2024

Silver Ore Market Size in Myanmar

The Myanmar's silver ore market reduced remarkably to $X in 2021, dropping by -94.4% against the previous year. Over the period under review, consumption showed a dramatic setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silver Ore Production in Myanmar

In value terms, silver ore production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 21%. Silver ore production peaked at $X in 2020, and then declined in the following year.

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Silver Ore Exports

Exports from Myanmar

For the tenth year in a row, Myanmar recorded growth in overseas shipments of silver ores and concentrates, which increased by 152% to X tons in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 496%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, silver ore exports soared to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 632% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for silver ore exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled +72.5%.

In value terms, China ($X) also remains the key foreign market for silver ore exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +75.5%.

Export Prices by Country

The average silver ore export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver ore export price increased by +77.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27%. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.7% per year.

Silver Ore Imports

Imports into Myanmar

In 2019, the amount of silver ores and concentrates imported into Myanmar totaled X kg, approximately equating the previous year's figure. Over the period under review, imports saw a dramatic shrinkage. The smallest decline of 99.9% was in 2016. Imports peaked at X tons in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, silver ore imports amounted to $X in 2019. Overall, imports saw a sharp decrease. The smallest decline of 99.9% was in 2016. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Singapore (X kg) was the main supplier of silver ore to Myanmar, with a approx. 100% share of total imports.

From 2015 to 2019, the average annual growth rate of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of silver ore to Myanmar.

From 2015 to 2019, the average annual rate of growth in terms of value from Singapore was relatively modest.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2019, flattening at the previous year. Over the period under review, the import price recorded significant growth. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2015 to 2019, the rate of growth in terms of prices for India amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver ores and concentrates in the world?

The country with the largest volume of silver ore consumption was China, accounting for 83% of total volume. It was followed by Russia, with a 2.7% share of total consumption.

What are the largest producers of silver ores and concentrates in the world?

The countries with the highest volumes of production in 2021 were Peru, Mexico and Argentina, with a combined 80% share of global production. These countries were followed by Russia, South Africa, Bolivia and the Netherlands, which together accounted for a further 14%.

What are the leading suppliers of silver ores and concentrates to Myanmar?

In value terms, Singapore $66) constituted the largest supplier of silver ore to Myanmar.

What are the leading importers of silver ores and concentrates from Myanmar?

In value terms, China remains the key foreign market for silver ore exports from Myanmar.

What is the average export price for silver ores and concentrates in Myanmar?

In 2021, the average silver ore export price amounted to $222,798 per ton, with an increase of 14% against the previous year.

What is the average import price for silver ores and concentrates in Myanmar?

In 2019, the average silver ore import price amounted to $66,000 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the silver ore market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291410 -

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023