Myanmar: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in Myanmar

In 2021, after two years of growth, there was decline in the Myanmar's pig iron articles market, when its value decreased by -0.8% to $X. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Pig Iron Articles Production in Myanmar

In value terms, pig iron articles production fell modestly to $X in 2021 estimated in export price. In general, production saw a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of 122% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Pig Iron Articles Exports

Exports from Myanmar

After two years of decline, overseas shipments of granules and powders of pig iron decreased by -93.7% to X tons in 2020. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by 295%. As a result, the exports reached the peak of X tons. From 2018 to 2020, the growth of the exports failed to regain momentum.

In value terms, pig iron articles exports contracted notably to $X in 2020. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 51%. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for pig iron articles exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Thailand amounted to +1,159.9%.

In value terms, Thailand ($X) emerged as the key foreign market for granules and powders of pig iron exports from Myanmar.

From 2012 to 2020, the average annual growth rate of value to Thailand totaled +215.5%.

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2020, surging by 73% against the previous year. In general, the export price, however, saw a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Thailand amounted to -75.0% per year.

Pig Iron Articles Imports

Imports into Myanmar

In 2021, the amount of granules and powders of pig iron imported into Myanmar fell markedly to X tons, with a decrease of -16.3% against 2020 figures. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 490%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, pig iron articles imports declined notably to $X in 2021. In general, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 212% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of pig iron articles imports to Myanmar, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron articles suppliers to Myanmar were Taiwan (Chinese) ($X), China ($X) and Vietnam ($X), together comprising 74% of total imports.

Taiwan (Chinese), with a CAGR of +62.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, declining by -14.3% against the previous year. In general, the import price, however, continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform