Price for Iron and Non-Alloy Steel in Ingot in Myanmar - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Myanmar (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Myanmar
Price for Iron and Non-Alloy Steel in Ingot in Myanmar (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $39 per ton in 2022, which is down by -92.4% against the previous year. Over the period under review, the import price showed a precipitous slump. The pace of growth was the most pronounced in 2019 an increase of 92% against the previous year. Over the period under review, average import prices reached the peak figure at $1,209 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +1.3% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Myanmar
In 2022, overseas purchases of iron and non-alloy steel in ingots were finally on the rise to reach 28 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp reduction.
In value terms, imports of iron and non-alloy steel in ingots dropped significantly to $1.1K in 2022. Over the period under review, imports, however, recorded a sharp shrinkage. The smallest decline of -39.6% was in 2020.
| Import of Iron and Non-Alloy Steel in Ingot in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.1 | 21.1 | 1.0 | 1.1 | -72.4% |
| Japan | 9.0 | 16.1 | 11.6 | N/A | 13.5% |
| Others | 5.6 | 3.0 | 1.2 | N/A | -53.7% |
| Total | 66.7 | 40.3 | 13.8 | 1.1 | -74.5% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Myanmar in 2022:
- China (1.4 tons)
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