Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Myanmar - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Myanmar (CIF) - 2022
2. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Myanmar

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Myanmar (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $3,276 per ton in 2022, rising by 88% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 124%. Over the period under review, average import prices hit record highs at $10,242 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($3,936 per ton), while the price for India ($2,041 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Myanmar

In 2022, approx. 69 tons of alloy steel flat-rolled products, of a width of less than 600mms were imported into Myanmar; growing by 3.6% against 2021 figures. Overall, imports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 542%. As a result, imports attained the peak of 799 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms surged to $227K in 2022. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 563%. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Myanmar in 2022:

1. China (36.1 tons)
2. Indonesia (28.9 tons)
3. India (4.4 tons)

Source: IndexBox Market Intelligence Platform