Thailand - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Price in Thailand - 2023
Contents:
- Aluminium Price in Thailand (CIF) - 2023
- Aluminium Price in Thailand (FOB) - 2022
- Aluminium Imports in Thailand
- Aluminium Exports in Thailand
Aluminium Price in Thailand (CIF) - 2023
In September 2023, the average aluminium import price amounted to $2,399 per ton, picking up by 1.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 4.8% m-o-m. As a result, import price attained the peak level of $2,688 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Australia ($2,454 per ton) and the United Arab Emirates ($2,394 per ton), while the price for Russia ($2,286 per ton) and South Africa ($2,326 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.4%), while the prices for the other major suppliers experienced a decline.
Aluminium Price in Thailand (FOB) - 2022
In 2022, the average aluminium export price amounted to $2,700 per ton, jumping by 18% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +87.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 58%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,040 per ton), while the average price for exports to Cambodia ($745 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 China (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Imports in Thailand
Aluminium imports into Thailand reduced to 370K tons in 2022, waning by -12.6% against the previous year. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of 424K tons, and then shrank in the following year.
In value terms, aluminium imports expanded slightly to $1.1B in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 101%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Aluminium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 183 | 159 | 342 | 295 | 17.3% |
| India | 90.5 | 36.9 | 205 | 275 | 44.8% |
| Saudi Arabia | 94.2 | 107 | 123 | 181 | 24.3% |
| South Africa | 142 | 72.9 | 143 | 135 | -1.7% |
| Malaysia | 45.1 | 30.2 | 57.1 | 91.6 | 26.6% |
| United Arab Emirates | 2.7 | 32.7 | 69.4 | 42.1 | 149.8% |
| Singapore | 2.4 | 0.8 | 9.4 | 19.2 | 100.0% |
| Bahrain | 36.6 | 44.5 | 13.7 | 6.2 | -44.7% |
| Others | 32.6 | 50.3 | 107 | 42.9 | 9.6% |
| Total | 629 | 534 | 1,070 | 1,089 | 20.1% |
Top Suppliers of Aluminium to Thailand in 2022:
- Australia (98.7K tons)
- India (95.7K tons)
- Saudi Arabia (61.7K tons)
- South Africa (45.2K tons)
- Malaysia (31.0K tons)
- United Arab Emirates (15.1K tons)
- Singapore (6.1K tons)
- Bahrain (2.0K tons)
Aluminium Exports in Thailand
In 2022, overseas shipments of aluminum (unwrought, not alloyed) decreased by -27.9% to 2.4K tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. As a result, the exports attained the peak of 6.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, aluminium exports dropped to $6.4M in 2022. Overall, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. As a result, the exports attained the peak of $9.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Aluminium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 7.8 | 4.0 | 3.1 | 117.8% |
| Hong Kong SAR | 1.0 | 0.8 | N/A | 2.3 | 32.0% |
| South Korea | N/A | N/A | N/A | 1.0 | 0% |
| Nigeria | N/A | N/A | 1.5 | N/A | 0% |
| Japan | N/A | N/A | 1.8 | N/A | 0% |
| Vietnam | N/A | 0.8 | 0.1 | N/A | -87.5% |
| Cambodia | 5.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 6.9 | 9.4 | 7.5 | 6.4 | -2.5% |
Top Export Markets for Aluminium from Thailand in 2022:
- Japan (undefined tons)
- China (1178.5 tons)
- Hong Kong SAR (744.3 tons)
- South Korea (453.0 tons)
- Cambodia (0.2 tons)
This report provides an in-depth analysis of the aluminium market in Thailand. 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminium market in Thailand.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the aluminium market in Thailand.
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As of July 2023, the price of Aluminum, CIF Thailand, remained stable at $2,513 per ton compared to the previous month.
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The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
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In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
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In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
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The global trade in unwrought aluminum amounted to X million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall
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Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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In value terms, aluminum waste and scrap imports stood at $X in 2016. In general, aluminum waste and scrap imports continue to indicate a relatively flat trend pattern. Global aluminum waste and scr...
