Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (CIF) - 2023
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (CIF) - 2023
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $669 per ton in December 2023, falling by -9.7% against the previous month. Over the period under review, the import price, however, showed modest growth. The growth pace was the most rapid in January 2023 when the average import price increased by 111% month-to-month. The import price peaked at $1,338 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($669 per ton), while the price for Thailand stood at $647 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+9.4%).
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $2,833 per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $250,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2018 to 2022, the rate of growth in terms of prices for Vietnam amounted to -65.7% per year.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar
In 2022, approx. 5.4K tons of iron or non-alloy steel wire, not plated or coateds were imported into Myanmar; declining by -82% compared with the previous year's figure. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 759%.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds reduced markedly to $4.2M in 2022. In general, imports saw a precipitous setback. The smallest decline of -0.2% was in 2020.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.6 | 27.1 | 14.2 | 3.3 | -46.5% |
| India | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Thailand | 5.0 | 5.6 | 1.8 | 0.1 | -72.9% |
| Japan | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 2.9 | 0.6 | N/A | N/A | -79.3% |
| Oman | 3.8 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Total | 34.1 | 34.0 | 16.8 | 4.2 | -50.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Myanmar in 2022:
- China (4540.4 tons)
- India (496.6 tons)
- Taiwan (Chinese) (87.5 tons)
- Japan (85.3 tons)
- Thailand (59.6 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Myanmar declined notably to 3 kg, falling by -50% compared with the previous year. Over the period under review, exports continue to indicate a sharp descent.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined sharply to $9 in 2022. Overall, exports showed a dramatic contraction.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Vietnam | 16.0 | 9.0 | -43.8% | ||
| Thailand | 1.0 | N/A | 0% | ||
| Japan | 1.0 | N/A | 0% | ||
| Others | -1.0 | N/A | 0% | ||
| Total | 17.0 | 9.0 | -47.1% | ||
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Myanmar in 2022:
- Vietnam (3.0 kg)
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