Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar (CIF) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $512 per ton, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 7.2% against the previous year. Over the period under review, average import prices reached the maximum at $558 per ton in 2012; however, from 2013 to 2022, 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 Thailand ($1,917 per ton), while the price for China amounted to $474 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.0%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar
In 2022, supplies from abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses was finally on the rise to reach 14K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp curtailment.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded significantly to $6.9M in 2022. In general, imports, however, faced a sharp curtailment.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 9.8 | 6.0 | 6.2 | -40.7% |
| Thailand | N/A | N/A | N/A | 0.7 | 0% |
| India | N/A | 1.7 | N/A | N/A | 0% |
| Iran | 1.7 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Total | 32.3 | 11.6 | 6.1 | 6.9 | -40.2% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Myanmar in 2022:
- China (13.2K tons)
- Thailand (0.4K tons)
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