Report Update: Apr 1, 2024

Myanmar - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Concrete Reinforcing Bar Price in Myanmar - 2022

Concrete Reinforcing Bar Price in Myanmar (CIF) - 2022

In 2022, the average concrete reinforcing bar import price amounted to $662 per ton, rising by 54% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The import price peaked at $877 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($723 per ton) and China ($712 per ton), while the price for South Korea ($490 per ton) and Japan ($522 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+26.2%), while the prices for the other major suppliers experienced a decline.

Concrete Reinforcing Bar Price in Myanmar (FOB) - 2022

The average concrete reinforcing bar export price stood at $480 per ton in 2022, surging by 16% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 64%. As a result, the export price attained the peak level of $1,095 per ton. From 2019 to 2022, the average 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 2022, the rate of growth in terms of prices for Thailand amounted to +6.0% per year.

Concrete Reinforcing Bar Imports in Myanmar

In 2022, supplies from abroad of concrete reinforcing bars decreased by -29.8% to 89K tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 928% against the previous year. As a result, imports reached the peak of 474K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, concrete reinforcing bar imports expanded rapidly to $59M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 900% against the previous year. As a result, imports attained the peak of $209M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Concrete Reinforcing Bar in Myanmar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Oman	N/A	40.0	15.1	33.2	-8.9%
China	3.1	11.4	3.4	18.1	80.1%
Malaysia	N/A	0.2	0.2	3.3	306.2%
Japan	0.6	2.3	0.3	1.6	38.7%
Thailand	4.5	20.1	10.0	1.2	-35.6%
South Korea	2.3	25.8	4.7	1.1	-21.8%
India	6.1	17.3	3.9	N/A	-20.0%
Indonesia	1.8	12.3	4.1	N/A	50.9%
Iraq	N/A	6.7	0.2	N/A	-97.0%
Turkey	1.0	24.7	1.0	N/A	0.0%
Others	1.5	48.0	11.4	0.2	-48.9%
Total	20.9	209	54.3	58.7	41.1%

Top Suppliers of Concrete Reinforcing Bar to Myanmar in 2022:

Oman (51.1K tons)
China (25.4K tons)
Malaysia (5.0K tons)
Japan (3.0K tons)
South Korea (2.3K tons)
Thailand (1.7K tons)

Concrete Reinforcing Bar Exports in Myanmar

In 2022, overseas shipments of concrete reinforcing bars decreased by -13.7% to 552 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 132%. As a result, the exports attained the peak of 640 kg, and then fell in the following year.

In value terms, concrete reinforcing bar exports amounted to $265 in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Concrete Reinforcing Bar in Myanmar (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	211	243	127	265	7.9%
Japan	N/A	N/A	137	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	211	243	264	265	7.9%

Top Export Markets for Concrete Reinforcing Bar from Myanmar in 2022:

Thailand (552.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete reinforcing bar market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023