Price for Steel, Alloy; Angles, Shapes and Sections in Myanmar - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Myanmar (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Myanmar
Price for Steel, Alloy; Angles, Shapes and Sections in Myanmar (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $650 per ton, picking up by 10% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 18%. The import price peaked at $1,376 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.2% per year.
Imports of Steel, Alloy; Angles, Shapes and Sections in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of steel, alloy; angles, shapes and sectionses, which decreased by -61.2% to 496 tons in 2022. In general, imports faced a precipitous decrease.
In value terms, imports of steel, alloy; angles, shapes and sectionses shrank remarkably to $322K in 2022. Over the period under review, imports recorded a significant curtailment.
| Import of Steel, Alloy; Angles, Shapes and Sections in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.3 | 2.9 | 0.7 | 0.3 | -70.2% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 11.3 | 2.9 | 0.8 | 0.3 | -70.2% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Myanmar in 2022:
- China (496.1 tons)
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