Myanmar: Wire And Cable Market 2025

Wire And Cable Market Size in Myanmar

The Myanmar's wire and cable market reduced slightly to $X in 2021, waning by -5% against the previous year. In general, consumption showed a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wire And Cable Production in Myanmar

In value terms, wire and cable production rose sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports from Myanmar

In 2021, shipments abroad of insulated wire and cable decreased by -8.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,920%. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, wire and cable exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of 1,080%. 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 wire and cable exports from Myanmar, accounting for a 57% share of total exports. Moreover, wire and cable exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +100.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+224.9% per year) and Vietnam (+140.6% per year).

In value terms, the largest markets for wire and cable exported from Myanmar were Thailand ($X), China ($X) and Vietnam ($X), with a combined 82% share of total exports.

Thailand, with a CAGR of +202.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of 75% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 China (+3.8%), while the prices for the other major destinations experienced a decline.

Wire And Cable Imports

Imports into Myanmar

In 2021, overseas purchases of insulated wire and cable decreased by -44.8% to X tons, falling for the second consecutive year after eight years of growth. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 87% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports dropped rapidly to $X in 2021. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 135% against the previous year. Imports peaked at $X in 2020, and then dropped sharply in the following year.

Imports by Country

China (X tons), Vietnam (X tons) and Thailand (X tons) were the main suppliers of wire and cable imports to Myanmar, with a combined 82% share of total imports. These countries were followed by South Korea, India, Malaysia, Indonesia and Singapore, which together accounted 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 Indonesia (with a CAGR of +78.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Thailand ($X) appeared to be the largest wire and cable suppliers to Myanmar, together accounting for 69% of total imports. These countries were followed by South Korea, Malaysia, India, Singapore and Indonesia, which together accounted for a further 28%.

Indonesia, with a CAGR of +60.6%, recorded the highest growth rate of the value of imports, in terms of 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 wire and cable import price amounted to $X per ton, dropping by -5.3% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 25%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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