Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $2,090 per ton in 2022, falling by -9.6% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 89% against the previous year. The import price peaked at $5,013 per ton in 2012; however, from 2013 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 ($3,168 per ton), while the price for Taiwan (Chinese) ($1,659 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-5.2%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $21,518 per ton in 2022, stabilizing at the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices hit record highs at $21,519 per ton in 2020; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2016 to 2022, the rate of growth in terms of prices for Vietnam amounted to +17.4% per year.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar
Imports of stainless steel bars and rods, angles, shapes and sectionses into Myanmar surged to 346 tons in 2022, growing by 44% compared with the previous year's figure. Over the period under review, imports, however, saw a dramatic setback.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $723K in 2022. In general, imports, however, recorded a sharp decrease.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,055 | 973 | 197 | 485 | -22.8% |
| Japan | 183 | 165 | 44.5 | 145 | -7.5% |
| Taiwan (Chinese) | 196 | 125 | 55.6 | 63.1 | -31.5% |
| Thailand | 19.3 | 49.3 | N/A | 24.6 | 8.4% |
| Vietnam | 135 | 80.6 | 2.3 | 0.8 | -81.9% |
| India | 5.2 | 222 | 37.1 | N/A | 167.1% |
| Others | 35.6 | 106 | 218 | 4.7 | -49.1% |
| Total | 1,629 | 1,721 | 555 | 723 | -23.7% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Myanmar in 2022:
- China (247.6 tons)
- Japan (45.8 tons)
- Taiwan (Chinese) (38.0 tons)
- Thailand (12.9 tons)
- Vietnam (0.5 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from Myanmar amounted to 1.3 tons, stabilizing at the previous year's figure. In general, exports recorded a dramatic decline. The smallest decline of -68.4% was in 2020.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses totaled $27K in 2022. Overall, exports faced a precipitous decline. The smallest decline of -66.2% was in 2020.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 161 | 54.4 | N/A | 27.2 | -44.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 161 | 54.4 | N/A | 27.2 | -44.7% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Myanmar in 2022:
- Vietnam (1263.0 kg)
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