Myanmar: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Myanmar

The Myanmar's chloride oxides of metal market dropped to $X in 2021, declining by -5.4% against the previous year. Overall, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the market value decreased by -5.3% against the previous year. Chloride oxides of metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Myanmar

In value terms, chloride oxides of metal production totaled $X in 2021 estimated in export price. In general, production, however, faced a abrupt curtailment. Chloride oxides of metal production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Myanmar

For the third year in a row, Myanmar recorded growth in shipments abroad of chloride oxides and chloride hydroxides of copper and other metals, which increased by 20% to X tons in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2019 with an increase of 3,604% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, chloride oxides of metal exports expanded significantly to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,570%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for chloride oxides of metal exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +97.7%.

In value terms, China ($X) also remains the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +37.2%.

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the export price saw a dramatic decline. The growth pace was the most rapid in 2013 when the average export price decreased by -7.6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 -30.6% per year.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Myanmar

In 2021, imports of chloride oxides and chloride hydroxides of copper and other metals into Myanmar totaled X tons, growing by 1.8% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 3,300%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, chloride oxides of metal imports shrank sharply to $X in 2021. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 3,042%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest chloride oxides of metal supplier to Myanmar, with a 67% share of total imports. Moreover, chloride oxides of metal imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.5% per year) and Malaysia (-10.9% per year).

In value terms, India ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Myanmar, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.8% per year) and Malaysia (-4.9% per year).

Import Prices by Country

In 2021, the average chloride oxides of metal import price amounted to $X per ton, falling by -27.1% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 139% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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