Myanmar: Refined Lead Market 2022

Refined Lead Market Size in Myanmar

The Myanmar's refined lead market skyrocketed to $X in 2020, jumping by X% against the previous year. In general, consumption enjoyed significant growth. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Refined lead consumption peaked in 2020 and is expected to retain growth in years to come.

Refined Lead Production in Myanmar

In value terms, refined lead production dropped to $X in 2020 estimated in export prices. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Refined lead production peaked at $X in 2019, and then contracted in the following year.

Refined Lead Exports

Exports from Myanmar

In 2020, shipments abroad of refined lead decreased by -X% to X tons for the first time since 2006, thus ending a thirteen-year rising trend. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, refined lead exports dropped remarkably to $X in 2020. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

India (X tons) was the main destination for refined lead exports from Myanmar, accounting for a X% share of total exports. Moreover, refined lead exports to India exceeded the volume sent to the second major destination, the United States (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Korea (+X% per year).

In value terms, India ($X) remains the key foreign market for refined lead exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average refined lead export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the average price for exports to the United States ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Myanmar

For the seventh consecutive year, Myanmar recorded decline in purchases abroad of refined lead, which decreased by -X% to X tons in 2020. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at X tons in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, refined lead imports declined notably to $X in 2020. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, South Korea (X tons) was the main supplier of refined lead to Myanmar, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from South Korea totaled +X%.

In value terms, South Korea ($X) constituted the largest supplier of refined lead to Myanmar.

From 2007 to 2020, the average annual growth rate of value from South Korea stood at +X%.

Import Prices by Country

The average refined lead import price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for South Korea amounted to +X% per year.

Source: IndexBox Platform

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