Price for Steel Alloy Wire of Silico-Manganese Steel in Myanmar - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Myanmar (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Myanmar
Price for Steel Alloy Wire of Silico-Manganese Steel in Myanmar (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,859 per ton in 2022, increasing by 29% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 112%. Over the period under review, average import prices reached the maximum at $2,754 per ton in 2015; however, from 2016 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 Thailand ($3,436 per ton), while the price for China ($969 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.7%), while the prices for the other major suppliers experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Myanmar
Imports of steel alloy wire of silico-manganese steels into Myanmar surged to 156 tons in 2022, rising by 373% compared with 2021. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels skyrocketed to $291K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 27.3 | 16.3 | 34.0 | 189 | 90.6% |
| China | 8.0 | 4.4 | 6.8 | 92.0 | 125.7% |
| Malaysia | 2.7 | 6.6 | 6.8 | 9.9 | 54.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 38.0 | 27.3 | 47.6 | 291 | 97.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Myanmar in 2022:
- China (94.9 tons)
- Thailand (54.9 tons)
- Malaysia (6.5 tons)
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