Myanmar: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Myanmar

The Myanmar's aluminium alloy tube market plummeted to $X in 2022, with a decrease of -82.7% 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). Overall, consumption showed a abrupt downturn. Aluminium alloy tube consumption peaked 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 shipments abroad of aluminium alloy tubes and pipes, when their volume decreased by -15.1% to X tons. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 208%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted markedly in the following year.

In value terms, aluminium alloy tube exports fell remarkably to $X in 2021. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 237%. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Singapore (X tons) was the main destination for aluminium alloy tube exports from Myanmar, accounting for a 69% share of total exports. Moreover, aluminium alloy tube exports to Singapore exceeded the volume sent to the second major destination, China (X kg), threefold.

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 (0.0% per year) and Thailand (+72.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for aluminium alloy tubes and pipes exports from Myanmar, comprising 64% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% 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 (+57.2% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average aluminium alloy tube export price amounted to $X per ton, waning by -6.5% against the previous year. Over the period under review, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 91%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 (-8.4%).

Aluminium Alloy Tube Imports

Imports into Myanmar

In 2022, the amount of aluminium alloy tubes and pipes imported into Myanmar fell dramatically to X tons, with a decrease of -86.4% against the previous year's figure. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 179% 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 contracted dramatically to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 335%. 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 65% 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 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-23.4% per year) and Taiwan (Chinese) (-19.5% per year).

In value terms, Singapore ($X), China ($X) and Taiwan (Chinese) ($X) were the largest aluminium alloy tube suppliers to Myanmar, with a combined 95% share of total imports. India, South Korea and Thailand lagged somewhat behind, together accounting for a further 4.3%.

South Korea, with a CAGR of +24.8%, recorded the highest growth rate of 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

In 2022, the average aluminium alloy tube import price amounted to $X per ton, picking up by 37% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +41.6% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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