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Report Myanmar - Base Metal Cored Wire for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Myanmar - Base Metal Cored Wire for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Myanmar

After two years of growth, the Myanmar's cored arc-welding wire market decreased by -53.6% to $X in 2021. In general, consumption, however, recorded moderate growth. Cored arc-welding wire consumption peaked at $X in 2020, and then fell rapidly in the following year.

Cored Arc-Welding Wire Exports

Exports from Myanmar

In 2018, after two years of decline, there was significant decline in shipments abroad of cored arc-welding wire, when their volume decreased by -82% to X tons. Over the period under review, exports, however, continue to indicate a perceptible expansion. Over the period under review, the exports attained the maximum at X tons in 2017, and then contracted sharply in the following year.

In value terms, cored arc-welding wire exports declined dramatically to $X in 2018. In general, exports, however, showed resilient growth. Over the period under review, the exports reached the peak figure at $X in 2017, and then dropped significantly in the following year.

Exports by Country

Singapore (X tons) was the main destination for cored arc-welding wire exports from Myanmar, accounting for a 73% share of total exports. Moreover, cored arc-welding wire exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X tons), threefold.

From 2012 to 2018, the average annual rate of growth in terms of volume to Singapore amounted to -23.1%.

In value terms, Singapore ($X) emerged as the key foreign market for cored arc-welding wire exports from Myanmar, comprising 65% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to Singapore totaled +13.7%.

Export Prices by Country

In 2018, the average cored arc-welding wire export price amounted to $X per ton, increasing by 2.7% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2018, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+47.8%).

Cored Arc-Welding Wire Imports

Imports into Myanmar

In 2021, supplies from abroad of cored arc-welding wire decreased by -59.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 200%. Over the period under review, imports reached the maximum at X tons in 2020, and then declined rapidly in the following year.

In value terms, cored arc-welding wire imports fell dramatically to $X in 2021. Over the period under review, imports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2015 with an increase of 160%. Imports peaked at $X in 2020, and then shrank notably in the following year.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of cored arc-welding wire imports to Myanmar, with a combined 83% share of total imports. Australia, Vietnam, Japan, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +57.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Australia ($X) were the largest cored arc-welding wire suppliers to Myanmar, together accounting for 70% of total imports. These countries were followed by South Korea, Japan, Vietnam, Singapore and Taiwan (Chinese), which together accounted for a further 30%.

Vietnam, with a CAGR of +53.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of metal cored wire consumption in 2021 were China, the United States and India, together accounting for 52% of global consumption.
The countries with the highest volumes of metal cored wire production in 2021 were China, the United States and India, with a combined 60% share of global production. South Korea, Japan, Vietnam, Poland, Brazil, Italy, Germany and Malaysia lagged somewhat behind, together comprising a further 27%.
In value terms, the largest metal cored wire suppliers to Myanmar were China, South Korea and Australia, with a combined 67% share of total imports. These countries were followed by Thailand, Taiwan Chinese), Malaysia and Japan, which together accounted for a further 33%.
In 2018, the average metal cored wire export price amounted to $4,953 per ton, increasing by 103% against the previous year.
The average metal cored wire import price stood at $2,474 per ton in 2021, picking up by 52% against the previous year.

This report provides an in-depth analysis of the cored arc-welding wire 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 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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Free Data: Cored Base Metal Wire For Electric Arc-Welding - Myanmar
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