Price for Railway or Tramway Track Constructions of Iron or Steel in Myanmar - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Myanmar (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Myanmar (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Myanmar
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Myanmar

Price for Railway or Tramway Track Constructions of Iron or Steel in Myanmar (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,581 per ton, shrinking by -64% against the previous year. Over the period under review, the import price recorded a mild descent. The growth pace was the most rapid in 2021 when the average import price increased by 290%. As a result, import price attained the peak level of $4,392 per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,233 per ton), while the price for Sweden ($460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Myanmar (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $778 per ton, with a decrease of -11.8% against the previous year. Over the period under review, the export price showed a abrupt decline. The export price peaked at $1,655 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,233 per ton), while the average price for exports to Singapore ($618 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.3%), while the prices for the other major destinations experienced a decline.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Myanmar

In 2022, purchases abroad of railway or tramway track constructions of iron or steel decreased by -85.2% to 518 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 261% against the previous year. As a result, imports reached the peak of 30K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of railway or tramway track constructions of iron or steel dropped sharply to $820K in 2022. In general, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 335% against the previous year. As a result, imports attained the peak of $34M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Myanmar in 2022:

1. China (299.1 tons)
2. Japan (57.0 tons)
3. Hong Kong SAR (50.8 tons)
4. South Korea (32.5 tons)
5. Sweden (26.3 tons)
6. Thailand (19.2 tons)
7. India (10.6 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Myanmar

In 2022, the amount of railway or tramway track constructions of iron or steel exported from Myanmar stood at 1.1 tons, picking up by 2.4% compared with the previous year. Overall, exports, however, continue to indicate a abrupt contraction.

In value terms, exports of railway or tramway track constructions of iron or steel dropped to $874 in 2022. Over the period under review, exports, however, recorded a sharp slump.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Myanmar in 2022:

1. Singapore (722.0 kg)
2. Vietnam (342.0 kg)
3. Thailand (60.0 kg)

Source: IndexBox Market Intelligence Platform