Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar - 2023

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar (CIF) - 2022

In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $2.8 per unit, with a decrease of -2.3% against the previous year. Over the period under review, the import price showed a mild reduction. The growth pace was the most rapid in 2020 an increase of 49%. As a result, import price attained the peak level of $4.8 per unit. From 2021 to 2022, the average 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 Vietnam ($7.9 per unit), while the price for China ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar (FOB) - 2022

The average export price for sanitary ware and parts thereof, of iron or steel stood at $758 per thousand units in 2022, increasing by 4.2% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. As a result, the export price attained the peak level of $923 per thousand units. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($1.7 per unit), while the average price for exports to the United States ($724 per thousand units) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.3%).

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar

In 2022, imports of sanitary ware and parts thereof, of iron or steel into Myanmar skyrocketed to 1.2M units, increasing by 87% on the previous year. In general, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sanitary ware and parts thereof, of iron or steel surged to $3.4M in 2022. Overall, imports, however, continue to indicate a pronounced descent. Imports peaked at $5.4M in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Myanmar in 2022:

1. China (1036.7K units)
2. Thailand (121.3K units)
3. Vietnam (31.7K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Myanmar

In 2022, overseas shipments of sanitary ware and parts thereof, of iron or steel decreased by -65.4% to 301K units, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of 1.2M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel contracted significantly to $228K in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $906K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Myanmar in 2022:

1. United States (275.6K units)
2. Canada (16.6K units)
3. Poland (6.7K units)

Source: IndexBox Market Intelligence Platform