Myanmar - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Steel and Iron Articles in Myanmar - 2022
Contents:
- Price for Steel and Iron Articles in Myanmar (FOB) - 2022
- Price for Steel and Iron Articles in Myanmar (CIF) - 2022
- Exports of Steel and Iron Articles in Myanmar
- Imports of Steel and Iron Articles in Myanmar
Price for Steel and Iron Articles in Myanmar (FOB) - 2022
The average steel and iron articles export price stood at $5,037 per ton in 2022, dropping by -3.2% against the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 321% against the previous year. Over the period under review, the average export prices reached the maximum at $6,422 per ton in 2012; however, from 2013 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 Bangladesh ($12,136 per ton), while the average price for exports to South Korea ($1,583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+341.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel and Iron Articles in Myanmar (CIF) - 2022
In December 2022, the average steel and iron articles import price amounted to $2,658 per ton, increasing by 6.3% against the previous month. In general, the import price recorded a modest expansion. The growth pace was the most rapid in April 2022 an increase of 388% against the previous month. As a result, import price reached the peak level of $9,404 per ton. From May 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($3,409 per ton), while the price for China totaled $1,802 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel and Iron Articles in Myanmar
After three years of growth, overseas shipments of articles of iron or steel decreased by -75.2% to 6.9K tons in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 985% against the previous year. As a result, the exports reached the peak of 28K tons, and then shrank remarkably in the following year.
In value terms, steel and iron articles exports declined markedly to $35M in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,763%.
| Export of Steel and Iron Articles in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | 11.2 | 138 | 22.3 | 506.4% |
| Singapore | 0.1 | N/A | 0.3 | 6.7 | 306.2% |
| Indonesia | N/A | N/A | N/A | 5.4 | 0% |
| South Korea | 0.5 | 0.5 | 0.1 | N/A | -55.3% |
| Bangladesh | N/A | N/A | 5.7 | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 0.6 | 11.9 | 144 | 34.6 | 286.3% |
Top Export Markets for Steel and Iron Articles from Myanmar in 2022:
- Bangladesh (undefinedK tons)
- South Korea (undefinedK tons)
- Thailand (4.2K tons)
- Singapore (2.0K tons)
- Indonesia (0.6K tons)
Imports of Steel and Iron Articles in Myanmar
Steel and iron articles imports into Myanmar soared to 11K tons in 2022, surging by 127% on 2021 figures. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, steel and iron articles imports soared to $54M in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 194% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel and Iron Articles in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.7 | 20.6 | 10.5 | 24.1 | 225.3% |
| Indonesia | 0.1 | 0.1 | N/A | 20.3 | 487.7% |
| China | 6.3 | 8.0 | 4.7 | 4.6 | -10.0% |
| Vietnam | 0.8 | 0.6 | 0.7 | 2.1 | 37.9% |
| Malaysia | 0.1 | 0.1 | N/A | 0.5 | 71.0% |
| Japan | 1.3 | 1.8 | 0.5 | 0.4 | -32.5% |
| Others | 2.0 | 2.4 | 8.6 | 1.9 | -1.7% |
| Total | 11.4 | 33.5 | 25.1 | 53.9 | 67.8% |
Top Suppliers of Steel and Iron Articles to Myanmar in 2022:
- Thailand (4.0K tons)
- Indonesia (3.6K tons)
- China (2.6K tons)
- Vietnam (0.6K tons)
- Malaysia (0.3K tons)
- Japan (0.1K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
862
This report provides an in-depth analysis of the market for steel and iron articles in Myanmar.
360
This report provides an in-depth analysis of the market for iron or steel wire product in Myanmar.
437
This report provides an in-depth analysis of the global market for steel and iron articles.
347
Global Metal Ladder Market Report 2018. This report provides an in-depth analysis of the global metal ladder market.
495
Global Metal Non-Mechanical Ventilator Market Report 2018. This report provides an in-depth analysis of the global metal non-mechanical ventilator market.
492
Global Metal Pallet Market Report 2018. This report provides an in-depth analysis of the global metal pallet market.
301
Global Metal Reel Market Report 2018. This report provides an in-depth analysis of the global metal reel market.
395
This report provides an in-depth analysis of the global market for iron or steel wire product.
274
Global Forged Metal Articles Market Report 2018. This report provides an in-depth analysis of the global forged metal articles market.
862
This report provides an in-depth analysis of the market for steel and iron articles in Myanmar.
Nothing found. Please try again.
