Price for Steel, Stainless; Angles, Shapes and Sections in Myanmar - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Myanmar (CIF) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Myanmar
Price for Steel, Stainless; Angles, Shapes and Sections in Myanmar (CIF) - 2022
The average import price for steel, stainless stood at $2,150 per ton in 2022, shrinking by -46.6% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 135% against the previous year. The import price peaked at $5,107 per ton in 2013; however, from 2014 to 2022, 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 Japan ($5,017 per ton), while the price for China ($1,868 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.6%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Stainless; Angles, Shapes and Sections in Myanmar
In 2022, imports of steel, stainless into Myanmar surged to 163 tons, increasing by 44% compared with the previous year's figure. Overall, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 60%. As a result, imports reached the peak of 507 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless expanded notably to $365K in 2022. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 79%. As a result, imports attained the peak of $873K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 321 | 532 | 52.9 | 205 | -13.9% |
| Japan | 4.6 | 78.0 | 49.9 | 50.3 | 122.0% |
| India | 8.1 | 37.7 | 33.0 | 47.6 | 80.5% |
| Taiwan (Chinese) | 18.3 | 17.3 | 10.4 | 23.3 | 8.4% |
| Thailand | 115 | 178 | 166 | 20.4 | -43.8% |
| Singapore | 5.2 | 11.4 | 1.0 | 11.7 | 31.0% |
| Others | 15.9 | 18.5 | 6.6 | 6.6 | -25.4% |
| Total | 488 | 873 | 320 | 365 | -9.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Myanmar in 2022:
- China (109.6 tons)
- India (13.9 tons)
- Taiwan (Chinese) (11.9 tons)
- Thailand (10.9 tons)
- Japan (10.0 tons)
- Singapore (6.1 tons)
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