Myanmar: Antimony Market 2024

Antimony Market Size in Myanmar

The Myanmar's antimony market reduced dramatically to $X in 2022, shrinking by -19.4% against the previous year. Overall, consumption saw a abrupt setback. Antimony consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Antimony Production in Myanmar

In value terms, antimony production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Antimony Exports

Exports from Myanmar

In 2022, exports of antimony from Myanmar surged to X tons, growing by 50% compared with the previous year. In general, exports saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 430%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, antimony exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by 533% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for antimony exports from Myanmar, with a 33% share of total exports. Moreover, antimony exports to Belgium exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+16.8% per year) and Spain (+34.3% per year).

In value terms, the largest markets for antimony exported from Myanmar were Belgium ($X), South Korea ($X) and Spain ($X), together comprising 48% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +81.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average antimony export price amounted to $X per ton, rising by 37% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony export price increased by +88.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X 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 South Korea (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Imports

Imports into Myanmar

In 2022, antimony imports into Myanmar totaled X tons, approximately reflecting 2021 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2012 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 2013 when imports increased by 28%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, antimony imports rose modestly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 74%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of antimony to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +12.7%.

In value terms, Malaysia ($X) constituted the largest supplier of antimony to Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +17.0%.

Import Prices by Country

The average antimony import price stood at $X per ton in 2022, picking up by 4.5% against the previous year. Overall, import price indicated a notable expansion 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, antimony import price decreased by -1.1% against 2015 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +3.8% per year.

Source: IndexBox Platform

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