Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar (CIF) - 2022
The average import price for steel, alloy stood at $2,345 per ton in 2022, jumping by 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 93% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,418 per ton), while the price for Japan stood at $2,304 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar
In 2022, overseas purchases of steel, alloy decreased by -12.7% to 1.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp curtailment. The growth pace was the most rapid in 2020 when imports increased by 3.2%. As a result, imports reached the peak of 4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy rose remarkably to $3.7M in 2022. Overall, imports faced a sharp curtailment.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.3 | 4.6 | 1.3 | 2.3 | -18.8% |
| China | 3.3 | 2.7 | 1.7 | 1.4 | -24.9% |
| India | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 8.2 | 7.6 | 3.3 | 3.7 | -23.3% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Myanmar in 2022:
- Japan (998.2 tons)
- China (574.3 tons)
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