Price for Steel, Alloy; Ingots and Other Primary Forms in Thailand - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Thailand (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Thailand
Price for Steel, Alloy; Ingots and Other Primary Forms in Thailand (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $1,691 per ton in 2022, increasing by 52% against the previous year. Over the period under review, the import price posted modest growth. The pace of growth was the most pronounced in 2015 an increase of 157%. As a result, import price reached the peak level of $3,048 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.2% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Thailand
In 2022, purchases abroad of steel, alloy; ingots and other primary formses decreased by -88% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 277% against the previous year. As a result, imports reached the peak of 123 tons, and then plummeted in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses reduced notably to $25K in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 301%. As a result, imports attained the peak of $137K, and then reduced markedly in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 33.6 | 137 | 21.3 | 35.3% |
| Others | 0.4 | 0.7 | N/A | 3.8 | 111.8% |
| Total | 9.0 | 34.3 | 137 | 25.0 | 40.6% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Thailand in 2022:
- China (14.6 tons)
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