Price for Wire of Other Alloy Steel in Myanmar - 2022
Contents:
- Price for Wire of Other Alloy Steel in Myanmar (CIF) - 2022
- Imports of Wire of Other Alloy Steel in Myanmar
Price for Wire of Other Alloy Steel in Myanmar (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $980 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a deep slump. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. The import price peaked at $2,037 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,189 per ton), while the price for Vietnam ($814 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.3%), while the prices for the other major suppliers experienced a decline.
Imports of Wire of Other Alloy Steel in Myanmar
Wire of other alloy steel imports into Myanmar rose rapidly to 811 tons in 2022, increasing by 7.8% against the previous year's figure. Overall, imports, however, saw a deep slump.
In value terms, wire of other alloy steel imports rose notably to $795K in 2022. In general, imports, however, continue to indicate a perceptible setback.
| Import of Wire of Other Alloy Steel in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 56.9 | 74.7 | 130 | 323 | 78.4% |
| China | 348 | 388 | 134 | 311 | -3.7% |
| Thailand | 9.5 | 10.4 | 15.2 | 161 | 156.9% |
| South Korea | 16.3 | 13.6 | 9.2 | N/A | -24.9% |
| India | 361 | 416 | 388 | N/A | 3.7% |
| Taiwan (Chinese) | 89.4 | 61.7 | 34.3 | N/A | -38.1% |
| Others | 23.8 | 19.0 | 16.4 | N/A | -17.0% |
| Total | 905 | 984 | 727 | 795 | -4.2% |
Top Suppliers of Wire of Other Alloy Steel to Myanmar in 2022:
- Vietnam (396.4 tons)
- China (279.3 tons)
- Thailand (135.2 tons)
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