Myanmar: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Myanmar

The Myanmar's ferro-alloys market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption, however, showed a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ferro-Alloys Production in Myanmar

In value terms, ferro-alloys production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Ferro-Alloys Exports

Exports from Myanmar

In 2022, ferro-alloys exports from Myanmar shrank dramatically to X tons, falling by X% compared with 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ferro-alloys exports from Myanmar, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) also remains the key foreign market for ferro-alloys exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%.

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Ferro-Alloys Imports

Imports into Myanmar

In 2022, approx. X tons of ferro-alloys were imported into Myanmar; rising by X% on 2021 figures. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys imports surged to $X in 2022. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest ferro-alloys supplier to Myanmar, with a X% share of total imports. Moreover, ferro-alloys imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Zambia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Zambia (X% per year).

In value terms, China ($X) constituted the largest supplier of ferro-alloys to Myanmar, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (X% per year) and India (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and Zambia ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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