Price for Iron or Steel; Cast Articles in Myanmar - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Myanmar (FOB) - 2022
2. Price for Iron or Steel; Cast Articles in Myanmar (CIF) - 2022
3. Exports of Iron or Steel; Cast Articles in Myanmar
4. Imports of Iron or Steel; Cast Articles in Myanmar

Price for Iron or Steel; Cast Articles in Myanmar (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $190 per ton, approximately mirroring the previous year. In general, the export price, however, saw a dramatic downturn. The growth pace was the most rapid in 2017 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices hit record highs at $2,762 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.6% per year.

Price for Iron or Steel; Cast Articles in Myanmar (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $930 per ton in 2022, reducing by -15.9% against the previous year. In general, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2016 when the average import price increased by 80% against the previous year. The import price peaked at $1,755 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,731 per ton), while the price for China ($773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.8%), while the prices for the other major suppliers experienced a decline.

Exports of Iron or Steel; Cast Articles in Myanmar

In 2022, the amount of iron or steel; cast articleses exported from Myanmar shrank markedly to 57K tons, reducing by -22.4% on the year before. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 5,252%. As a result, the exports attained the peak of 73K tons, and then shrank rapidly in the following year.

In value terms, iron or steel; cast articles exports declined significantly to $11M in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,766%. As a result, the exports attained the peak of $14M, and then shrank dramatically in the following year.

Top Export Markets for Iron or Steel; Cast Articles from Myanmar in 2022:

1. Thailand (56.7K tons)

Imports of Iron or Steel; Cast Articles in Myanmar

For the third consecutive year, Myanmar recorded decline in purchases abroad of iron or steel; cast articleses, which decreased by -28.6% to 1.6K tons in 2022. Over the period under review, imports showed a abrupt downturn. The smallest decline of -8% was in 2020.

In value terms, iron or steel; cast articles imports shrank significantly to $1.4M in 2022. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of $3.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Iron or Steel; Cast Articles to Myanmar in 2022:

1. China (1209.4 tons)
2. Thailand (224.6 tons)
3. Vietnam (68.6 tons)
4. India (48.6 tons)

Source: IndexBox Market Intelligence Platform