Price for Ferrous Waste and Scrap; of Cast Iron in Myanmar - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Myanmar (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Myanmar (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Cast Iron in Myanmar
4. Imports of Ferrous Waste and Scrap; of Cast Iron in Myanmar

Price for Ferrous Waste and Scrap; of Cast Iron in Myanmar (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $403 per ton in 2022, picking up by 37% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices hit record highs at $777 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($575 per ton), while the average price for exports to Thailand totaled $349 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-4.2%), while the prices for the other major destinations experienced a decline.

Price for Ferrous Waste and Scrap; of Cast Iron in Myanmar (CIF) - 2022

The average import price for ferrous waste and scrap; of cast ira stood at $700 per ton in 2022, increasing by 13% against the previous year. Overall, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 80% against the previous year. The import price peaked at $1,200 per ton in 2018; however, from 2019 to 2022, 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 Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +18.9% per year.

Exports of Ferrous Waste and Scrap; of Cast Iron in Myanmar

In 2022, overseas shipments of ferrous waste and scrap; of cast ira increased by 58% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic shrinkage.

In value terms, exports of ferrous waste and scrap; of cast ira surged to $475K in 2022. In general, exports, however, continue to indicate a sharp curtailment.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Myanmar in 2022:

1. Thailand (900.0 tons)
2. Singapore (280.0 tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Myanmar

In 2022, supplies from abroad of ferrous waste and scrap; of cast ira increased by 30,030% to 24 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a noticeable shrinkage.

In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $17K in 2022. Overall, imports, however, continue to indicate a perceptible slump.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Myanmar in 2022:

1. Taiwan (Chinese) (24.4 tons)

Source: IndexBox Market Intelligence Platform