Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar - 2023

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar (CIF) - 2022

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $2,453 per ton, waning by -11.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 66%. Over the period under review, average import prices reached the peak figure at $2,781 per ton in 2021, and then declined in the following year.

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 ($7,165 per ton), while the price for Singapore ($528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-3.1%), while the prices for the other major suppliers experienced a decline.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar (FOB) - 2022

In 2021, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $1,422 per ton, approximately reflecting the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 586%. Over the period under review, the average export prices hit record highs at $5,649 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2017 to 2021, the rate of growth in terms of prices for India amounted to +79.6% per year.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar

For the third year in a row, Myanmar recorded decline in supplies from abroad of tube or pipe fittings of non-malleable cast iron, which decreased by -57.1% to 151 tons in 2022. Over the period under review, imports recorded a significant contraction. The smallest decline of -51.1% was in 2020.

In value terms, imports of tube or pipe fittings of non-malleable cast iron shrank notably to $371K in 2022. Overall, imports saw a sharp decline. The smallest decline of -42% was in 2020.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Myanmar in 2022:

1. China (67.3 tons)
2. Vietnam (24.9 tons)
3. Japan (21.9 tons)
4. Thailand (11.9 tons)
5. Indonesia (9.0 tons)
6. Malaysia (8.3 tons)
7. Turkey (2.3 tons)
8. Singapore (1.0 tons)
9. India (0.7 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Myanmar

In 2021, exports of tube or pipe fittings of non-malleable cast iron from Myanmar totaled 19 tons, therefore, remained relatively stable against 2020. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, exports of tube or pipe fittings of non-malleable cast iron totaled $27K in 2021. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Myanmar in 2022:

1. Japan (19.3 tons)

Source: IndexBox Market Intelligence Platform