Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $658 per ton, with an increase of 26% against the previous year. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked at $869 per ton in 2013; however, from 2014 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 ($1,396 per ton), while the price for China ($643 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar
In 2022, approx. 34K tons of steel, alloy were imported into Myanmar; increasing by 88% on 2021 figures. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $23M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 4.8 | 9.4 | 20.0 | 36.9% |
| Taiwan (Chinese) | 1.6 | 1.6 | N/A | 1.9 | 5.9% |
| Thailand | 0.1 | 0.9 | 0.1 | 0.8 | 100.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 9.5 | 7.3 | 9.6 | 22.7 | 33.7% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Myanmar in 2022:
- China (31.1K tons)
- Taiwan (Chinese) (2.8K tons)
- Thailand (0.6K tons)
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