Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $430 per ton, almost unchanged from the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $1,866 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +3.6% per year.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $900 per ton in 2022, stabilizing at the previous year. In general, the export price posted significant growth. The growth pace was the most rapid in 2020 an increase of 85%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($973 per ton), while the average price for exports to Thailand ($217 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+33.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar
In 2022, after two years of decline, there was decline in overseas purchases of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by 0% to 3.2 tons. Over the period under review, imports faced a sharp curtailment. The smallest decline of 99.9% was in 2020.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels totaled $1.4K in 2022. Overall, imports showed a significant curtailment. The smallest decline of 99.9% was in 2020.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 1.4 | 0% |
| China | 4.0 | N/A | N/A | N/A | 0% |
| Japan | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 5.6 | N/A | N/A | 1.4 | -37.0% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Myanmar in 2022:
- Thailand (3.2 tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels increased by 53% to 39 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp descent.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $35K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 15.2 | 38.1 | 16.8 | 28.8 | 23.7% |
| Malaysia | 11.0 | 5.6 | 4.3 | 5.3 | -21.6% |
| Thailand | 9.1 | 3.0 | 1.5 | 0.6 | -59.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.3 | 46.7 | 22.6 | 34.7 | -0.6% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Myanmar in 2022:
- Singapore (29.6 tons)
- Malaysia (6.0 tons)
- Thailand (3.0 tons)
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