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

Contents:

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

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

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $1,210 per ton in 2022, declining by -32.6% against the previous year. Over the period under review, the import price faced a deep contraction. The growth pace was the most rapid in 2019 an increase of 53%. The import price peaked at $5,408 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($4,367 per ton), while the price for Thailand ($560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-2.3%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $601 per ton, dropping by -95.2% against the previous year. In general, the export price saw a sharp shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 13% against the previous year. The export price peaked at $18,548 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($1,669 per ton), while the average price for exports to the United Arab Emirates amounted to $89 per ton.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-55.2%).

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

For the third year in a row, Myanmar recorded decline in purchases abroad of iron or steel cast fittings, other than of non-malleable cast ira, which decreased by -28% to 312 tons in 2022. Overall, imports faced a sharp setback. The smallest decline of -22.7% was in 2020.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira shrank significantly to $378K in 2022. In general, imports faced a precipitous decrease. The smallest decline of -19.3% was in 2020.

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

1. China (108.7 tons)
2. Thailand (67.4 tons)
3. India (60.0 tons)
4. Vietnam (57.9 tons)
5. South Korea (8.8 tons)
6. Japan (0.8 tons)

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

In 2021, approx. 2.9 tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Myanmar; jumping by 356% on 2020. Over the period under review, exports showed temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira fell dramatically to $1.8K in 2021. Overall, exports, however, recorded a precipitous decline. The smallest decline of -73.1% was in 2020.

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

1. United Arab Emirates (1988.0 kg)
2. Japan (918.0 kg)

Source: IndexBox Market Intelligence Platform