Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $745 per ton in 2022, reducing by -21.4% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 113% against the previous year. Over the period under review, average import prices attained the maximum at $1,550 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 India ($2,107 per ton), while the price for China totaled $713 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,582 per ton, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for China.
From 2021 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar
In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs increased by 53% to 32K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt slump.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs soared to $24M in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 26.7 | 9.1 | 21.8 | 0.8% |
| India | 1.5 | 1.5 | 2.0 | 1.6 | 2.2% |
| Malaysia | 0.2 | 0.1 | 0.4 | 0.2 | 0.0% |
| Indonesia | N/A | N/A | 3.4 | N/A | 0% |
| Others | 0.2 | 0.9 | 4.9 | 0.2 | 0.0% |
| Total | 23.2 | 29.2 | 19.8 | 23.8 | 0.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Myanmar in 2022:
- China (30.5K tons)
- India (0.8K tons)
- Malaysia (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar
Exports of iron or non-alloy steel wire, plated or coated with zincs from Myanmar fell sharply to 9.2 tons in 2022, shrinking by -50% against the previous year's figure. Over the period under review, exports recorded a sharp slump.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs dropped dramatically to $14K in 2022. Overall, exports continue to indicate a dramatic shrinkage.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| China | N/A | 14.5 | 0% | ||
| Thailand | 28.9 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 28.9 | 14.5 | -49.8% | ||
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Myanmar in 2022:
- China (9.2 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Myanmar.
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This report provides an in-depth analysis of the market for iron and steel wire in Myanmar.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Myanmar.
311
This report provides an in-depth analysis of the market for iron and steel wire in Myanmar.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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