Report Update Nov 1, 2024

Myanmar - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Myanmar

The Myanmar's market for precious metal ores and concentrates expanded rapidly to $X in 2022, increasing by 5% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Precious Metal Ores And Concentrates in Myanmar

In value terms, precious metal ore and concentrate production surged to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 110%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Precious Metal Ores And Concentrates

Exports from Myanmar

In 2022, overseas shipments of precious metal ores and concentrates increased by 132% to X tons, rising for the fifth year in a row after five years of decline. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 181%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, precious metal ore and concentrate exports surged to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 392% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for precious metal ore and concentrate exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +27.3%.

In value terms, China ($X) also remains the key foreign market for precious metal ores and concentrates exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to China amounted to +43.5%.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, declining by -9.8% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2020 an increase of 75%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.7% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Myanmar

In 2019, supplies from abroad of precious metal ores and concentrates decreased by -95.5% to X kg for the first time since 2015, thus ending a three-year declining trend. Over the period under review, imports faced a sharp shrinkage. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports dropped remarkably to $X in 2019. In general, imports saw a significant decrease. The smallest decline of -86.2% was in 2016. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Singapore (X kg) was the main precious metal ore and concentrate supplier to Myanmar, with a approx. 100% share of total imports.

From 2015 to 2019, the average annual rate of growth in terms of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of precious metal ores and concentrates to Myanmar.

From 2015 to 2019, the average annual growth rate of value from Singapore was relatively modest.

Import Prices by Country

In 2019, the average import price for precious metal ores and concentrates amounted to $X per ton, with a decrease of -24.8% against the previous year. In general, the import price, however, saw significant growth. The pace of growth appeared the most rapid in 2016 an increase of 1,321%. As a result, import price reached the peak level of $X per ton. From 2017 to 2019, 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 Singapore.

From 2015 to 2019, the rate of growth in terms of prices for India amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for precious metal ores and concentrates in the world?

China remains the largest precious metal ore and concentrate consuming country worldwide, comprising approx. 39% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sevenfold. The third position in this ranking was occupied by Peru, with a 5.4% share.

What are the largest producers of precious metal ores and concentrates in the world?

The countries with the highest volumes of in 2021 were Australia, Peru and Russia, with a combined 37% share of global production. Ecuador, Greece, Indonesia, Turkey, Mexico, Brazil, South Africa, Argentina, Chile and Tanzania lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of precious metal ores and concentrates to Myanmar?

In value terms, Singapore $66) constituted the largest supplier of precious metal ore and concentrate to Myanmar.

What is the average export price for precious metal ores and concentrates in Myanmar?

In 2017, the average export price for precious metal ores and concentrates amounted to $2,787 per ton, flattening at the previous year.

What is the average import price for precious metal ores and concentrates in Myanmar?

In 2019, the average import price for precious metal ores and concentrates amounted to $16,500 per ton, which is down by -11.9% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate 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 07291400 - Precious metal ores and concentrates

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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