Price for Stainless Steel in Ingots or Other Primary Forms in Myanmar - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Myanmar (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Myanmar
Price for Stainless Steel in Ingots or Other Primary Forms in Myanmar (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $2,025 per ton, growing by 4.7% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 265% against the previous year. The import price peaked at $5,643 per ton in 2012; however, from 2013 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 Malaysia ($2,083 per ton), while the price for Japan ($924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.0%), while the prices for the other major suppliers experienced a decline.
Imports of Stainless Steel in Ingots or Other Primary Forms in Myanmar
In 2022, supplies from abroad of stainless steel in ingots or other primary forms was finally on the rise to reach 11 tons after two years of decline. In general, imports, however, saw a precipitous decline.
In value terms, imports of stainless steel in ingots or other primary forms soared to $22K in 2022. Over the period under review, imports, however, showed a precipitous descent.
| Import of Stainless Steel in Ingots or Other Primary Forms in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 127 | 38.6 | 4.3 | 20.9 | -45.2% |
| Japan | 2.1 | 1.1 | 0.4 | 1.2 | -17.0% |
| Malaysia | 8.3 | 2.7 | 0.3 | 0.3 | -66.9% |
| Thailand | 25.4 | 0.4 | 5.5 | N/A | -53.5% |
| Singapore | 26.4 | 20.9 | 6.5 | N/A | -50.4% |
| Others | 9.8 | 43.0 | 2.1 | N/A | -53.7% |
| Total | 199 | 107 | 19.0 | 22.3 | -51.8% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Myanmar in 2022:
- China (10.9 tons)
- Japan (1.3 tons)
- Malaysia (0.1 tons)
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