Alloy Steel Powders Price in Thailand - 2023

Contents:

1. Alloy Steel Powders Price in Thailand (CIF) - 2023
2. Alloy Steel Powders Price in Thailand (FOB) - 2022
3. Alloy Steel Powders Imports in Thailand
4. Alloy Steel Powders Exports in Thailand

Alloy Steel Powders Price in Thailand (CIF) - 2023

In July 2023, the average alloy steel powders import price amounted to $3,661 per ton, with an increase of 7.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in December 2022 an increase of 33% month-to-month. Over the period under review, average import prices attained the maximum at $3,925 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($15,073 per ton), while the price for India ($1,185 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Alloy Steel Powders Price in Thailand (FOB) - 2022

In 2022, the average alloy steel powders export price amounted to $14,638 per ton, reducing by -30.9% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 57% against the previous year. The export price peaked at $21,181 per ton in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($40,955 per ton), while the average price for exports to Switzerland ($8,802 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+811.7%), while the prices for the other major destinations experienced more modest paces of growth.

Alloy Steel Powders Imports in Thailand

Alloy steel powders imports into Thailand contracted sharply to 3.6K tons in 2022, reducing by -58.5% against the previous year. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 272% against the previous year. As a result, imports attained the peak of 8.8K tons, and then declined markedly in the following year.

In value terms, alloy steel powders imports expanded rapidly to $12M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Alloy Steel Powders to Thailand in 2022:

1. Japan (1475.6 tons)
2. Sweden (1008.7 tons)
3. Romania (639.9 tons)
4. China (353.3 tons)
5. India (108.1 tons)

Alloy Steel Powders Exports in Thailand

For the fourth consecutive year, Thailand recorded growth in overseas shipments of alloy steel powderses, which increased by 891% to 20 tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, alloy steel powders exports surged to $293K in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Powders from Thailand in 2022:

1. Malaysia (11.3 tons)
2. United States (5.7 tons)
3. Hong Kong SAR (0.9 tons)
4. Vietnam (0.5 tons)
5. Switzerland (0.5 tons)
6. China (0.4 tons)

Source: IndexBox Market Intelligence Platform