Price for Tube or Pipe Flanges of Stainless Steel in Myanmar - 2023
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Myanmar (CIF) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Myanmar
Price for Tube or Pipe Flanges of Stainless Steel in Myanmar (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $3,722 per ton in 2022, surging by 53% against the previous year. Overall, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $11,616 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($8,378 per ton), while the price for China ($1,330 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+23.7%), while the prices for the other major suppliers experienced a decline.
Imports of Tube or Pipe Flanges of Stainless Steel in Myanmar
In 2022, approx. 162 tons of tube or pipe flanges of stainless steels were imported into Myanmar; picking up by 106% against the previous year. Over the period under review, imports, however, saw a deep setback.
In value terms, imports of tube or pipe flanges of stainless steels soared to $605K in 2022. Overall, imports showed a buoyant increase.
| Import of Tube or Pipe Flanges of Stainless Steel in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 422 | 0% |
| China | 331 | 573 | 142 | 105 | -31.8% |
| Singapore | 9.4 | 2.8 | 1.5 | 40.4 | 62.6% |
| Thailand | 38.0 | 103 | 5.5 | 6.8 | -43.6% |
| Others | 75.9 | 129 | 43.3 | 30.6 | -26.1% |
| Total | 454 | 807 | 192 | 605 | 10.0% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Myanmar in 2022:
- China (79.0 tons)
- Turkey (72.9 tons)
- Singapore (5.7 tons)
- Thailand (2.4 tons)
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