Myanmar: Zinc Market 2025

Zinc Market Size in Myanmar

In 2022, the Myanmar's zinc market decreased by -3.1% to $X, falling for the second consecutive year after six years of growth. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Zinc Production in Myanmar

In value terms, zinc production stood at $X in 2022 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Zinc production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Zinc Exports

Exports from Myanmar

In 2022, zinc exports from Myanmar soared to X tons, growing by 134% on the year before. Overall, exports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 4,504,900%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, zinc exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 5,247,984%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons) was the main destination for zinc exports from Myanmar, with a 58% share of total exports. Moreover, zinc exports to China exceeded the volume sent to the second major destination, India (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a 7.3% share.

From 2017 to 2022, the average annual growth rate of volume to China amounted to +892.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1,021.5% per year) and Thailand (+912.0% per year).

In value terms, China ($X) emerged as the key foreign market for zinc, unwrought (not alloyed) exports from Myanmar, comprising 59% of total exports. The second position in the ranking was held by India ($X), with a 27% share of total exports. It was followed by Thailand, with a 6.8% share.

From 2017 to 2022, the average annual rate of growth in terms of value to China totaled +950.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1,068.2% per year) and Thailand (+934.3% per year).

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, with an increase of 30% against the previous year. Over the last five years, it increased at an average annual rate of +5.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and China ($X per ton), while the average price for exports to South Korea ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Myanmar

In 2022, overseas purchases of zinc, unwrought (not alloyed) decreased by -90.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 127%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, zinc imports contracted dramatically to $X in 2022. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by 98% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of zinc to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to -6.2%.

In value terms, South Korea ($X) constituted the largest supplier of zinc, unwrought (not alloyed) to Myanmar.

From 2012 to 2022, the average annual growth rate of value from South Korea was relatively modest.

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, growing by 93% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +6.0% per year.

Source: IndexBox Platform

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