Price for Chain and Parts Thereof, of Iron or Steel in Myanmar - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Myanmar (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Myanmar (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Myanmar
4. Exports of Chain and Parts Thereof, of Iron or Steel in Myanmar

Price for Chain and Parts Thereof, of Iron or Steel in Myanmar (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $1,078 per ton in 2022, with an increase of 30% against the previous year. In general, the import price, however, faced a abrupt curtailment. The import price peaked at $4,658 per ton in 2012; however, from 2013 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 Vietnam ($5,002 per ton), while the price for China ($1,078 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chain and Parts Thereof, of Iron or Steel in Myanmar (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $9,545 per ton in 2022, reducing by -55.4% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2019 an increase of 1,855%. Over the period under review, the average export prices reached the maximum at $56,496 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($55,547 per ton), while the average price for exports to Singapore ($2,041 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 Singapore (+17.5%), while the prices for the other major destinations experienced a decline.

Imports of Chain and Parts Thereof, of Iron or Steel in Myanmar

For the third year in a row, Myanmar recorded decline in purchases abroad of chain and parts thereof, of iron or steel, which decreased by -18% to 2.9K tons in 2022. Over the period under review, imports recorded a precipitous descent.

In value terms, imports of chain and parts thereof, of iron or steel rose rapidly to $3.3M in 2022. In general, imports continue to indicate a abrupt setback.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Myanmar in 2022:

1. China (2537.6 tons)
2. Thailand (333.4 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Myanmar

In 2022, approx. 13 tons of chain and parts thereof, of iron or steel were exported from Myanmar; jumping by 3,965% on the year before. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel soared to $37K in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Myanmar in 2022:

1. Singapore (13.1 tons)
2. Japan (0.1 tons)

Source: IndexBox Market Intelligence Platform