Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar - 2022

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar (FOB) - 2022
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar
4. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar (FOB) - 2022

In December 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $896 per ton, picking up by 8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 141% against the previous month. As a result, the export price attained the peak level of $1,164 per ton. From July 2022 to December 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Singapore ($4,500 per ton), while the average price for exports to India ($816 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,272 per ton, reducing by -47.5% against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 124%. The import price peaked at $4,485 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Japan ($3,626 per ton), while the price for Thailand ($401 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar

In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -27.1% to 5.4K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 3.1%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced markedly to $4.3M in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 68%. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Myanmar in 2022:

1. India (3498.2 tons)
2. Thailand (900.0 tons)
3. Singapore (349.6 tons)
4. China (231.7 tons)
5. Japan (210.0 tons)
6. Malaysia (162.0 tons)

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Myanmar

In 2022, approx. 44 tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Myanmar; dropping by -54.8% compared with the previous year's figure. In general, imports showed a dramatic setback. The smallest decline of -43% was in 2021.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted markedly to $56K in 2022. Over the period under review, imports saw a precipitous slump. The smallest decline of -45.2% was in 2021.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Myanmar in 2022:

1. Taiwan (Chinese) (24.4 tons)
2. China (8.4 tons)
3. Japan (8.1 tons)
4. Thailand (3.5 tons)