Myanmar: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Myanmar

In 2020, the Myanmar's market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a significant expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Myanmar

Iron, steel or aluminium reservoir exports from Myanmar soared to X tons in 2020, jumping by X% compared with the previous year. Overall, exports, however, recorded a abrupt decrease. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. In general, exports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Thailand (X tons) was the main destination for iron, steel or aluminium reservoir exports from Myanmar, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Thailand exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and South Korea (-X% per year).

In value terms, Thailand ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Myanmar, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Japan (+X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Myanmar

In 2020, purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted significantly to $X in 2020. Overall, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Myanmar, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and South Korea (-X% per year).

In value terms, China ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, dropping by -X% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :