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Myanmar - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMyanmar: Market for Forged Bars Of Stainless Steel 2024
Market Size for Forged Bars Of Stainless Steel in Myanmar
In 2023, the Myanmar's forged stainless steel bar market decreased by X% to less than $X for the first time since 2019, thus ending a three-year declining trend. In general, consumption showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.
Production of Forged Bars Of Stainless Steel in Myanmar
In value terms, forged stainless steel bar production stood at less than $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume decreased by X% against the previous year. Forged stainless steel bar production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.
Exports of Forged Bars Of Stainless Steel
Exports from Myanmar
In 2019, approx. X kg of forged bars of stainless steel were exported from Myanmar; reducing by X% on 2018. In general, exports saw a dramatic contraction. Over the period under review, the exports hit record highs at X tons in 2018, and then reduced dramatically in the following year.
In value terms, forged stainless steel bar exports reduced notably to $X in 2019. Over the period under review, exports showed a significant contraction. Over the period under review, the exports reached the peak figure at $X in 2018, and then shrank remarkably in the following year.
Exports by Country
Vietnam (X kg) was the main destination for forged stainless steel bar exports from Myanmar, accounting for a approx. X% share of total exports.
From 2018 to 2019, the average annual growth rate of volume to Vietnam amounted to X%.
In value terms, Vietnam ($X) also remains the key foreign market for forged bars of stainless steel exports from Myanmar.
From 2018 to 2019, the average annual rate of growth in terms of value to Vietnam totaled X%.
Export Prices by Country
The average forged stainless steel bar export price stood at $X per ton in 2019, stabilizing at the previous year. Over the last one years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2018 to 2019, the rate of growth in terms of prices for Vietnam amounted to X% per year.
Imports of Forged Bars Of Stainless Steel
Imports into Myanmar
Forged stainless steel bar imports into Myanmar surged to X tons in 2022, picking up by X% on the previous year. In general, imports, however, showed a abrupt descent. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.
In value terms, forged stainless steel bar imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, Taiwan (Chinese) (X tons) constituted the largest forged stainless steel bar supplier to Myanmar, with a X% share of total imports. Moreover, forged stainless steel bar imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to X%.
In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of forged bars of stainless steel to Myanmar, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to X%.
Import Prices by Country
The average forged stainless steel bar import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for forged stainless steel bar in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106450 - Forged bars, of stainless steel
Country coverage:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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