Thailand - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Thailand - 2023
Contents:
- Concrete Reinforcing Bar Price in Thailand (CIF) - 2023
- Concrete Reinforcing Bar Price in Thailand (FOB) - 2022
- Concrete Reinforcing Bar Imports in Thailand
- Concrete Reinforcing Bar Exports in Thailand
Concrete Reinforcing Bar Price in Thailand (CIF) - 2023
The average concrete reinforcing bar import price stood at $1,060 per ton in July 2023, with a decrease of -8.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 12% month-to-month. As a result, import price reached the peak level of $1,163 per ton, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($1,303 per ton), while the price for China ($710 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 Japan (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Concrete Reinforcing Bar Price in Thailand (FOB) - 2022
In 2022, the average concrete reinforcing bar export price amounted to $714 per ton, picking up by 2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. Over the period under review, the average export prices attained the peak figure at $782 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($755 per ton) and Myanmar ($701 per ton), while the average price for exports to Cambodia ($578 per ton) and Lao People's Democratic Republic ($632 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.0%), while the prices for the other major destinations experienced a decline.
Concrete Reinforcing Bar Imports in Thailand
Concrete reinforcing bar imports into Thailand dropped modestly to 304K tons in 2022, which is down by -3.6% on 2021 figures. Over the period under review, imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2021 when imports increased by 120% against the previous year. As a result, imports reached the peak of 315K tons, and then declined slightly in the following year.
In value terms, concrete reinforcing bar imports expanded markedly to $332M in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Concrete Reinforcing Bar in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 158 | 95.8 | 183 | 163 | 1.0% |
China | 4.1 | 4.6 | 44.4 | 81.1 | 170.4% |
South Korea | 34.6 | 23.7 | 62.2 | 65.3 | 23.6% |
Taiwan (Chinese) | 5.1 | 5.6 | 11.6 | 8.8 | 19.9% |
Indonesia | 1.8 | 1.8 | 6.5 | 8.6 | 68.4% |
Others | 5.8 | 2.8 | 7.2 | 5.9 | 0.6% |
Total | 210 | 134 | 314 | 332 | 16.5% |
Top Suppliers of Concrete Reinforcing Bar to Thailand in 2022:
- Japan (133.4K tons)
- China (88.3K tons)
- South Korea (60.0K tons)
- Taiwan (Chinese) (8.1K tons)
- Indonesia (8.0K tons)
Concrete Reinforcing Bar Exports in Thailand
In 2022, shipments abroad of concrete reinforcing bars was finally on the rise to reach 223K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, concrete reinforcing bar exports skyrocketed to $159M in 2022. Over the period under review, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Concrete Reinforcing Bar in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | N/A | 16.1 | 86.2 | 435.4% |
Myanmar | N/A | 16.8 | 15.4 | 28.1 | 29.3% |
India | 31.7 | 10.2 | 14.6 | 24.1 | -8.7% |
Lao People's Democratic Republic | 23.9 | 22.2 | 22.5 | 16.0 | -12.5% |
Cambodia | 43.3 | 8.7 | 2.4 | 1.8 | -65.4% |
Others | 2.1 | 0.8 | 0.6 | 3.0 | 12.6% |
Total | 101 | 58.7 | 71.6 | 159 | 16.3% |
Top Export Markets for Concrete Reinforcing Bar from Thailand in 2022:
- Canada (114.1K tons)
- Myanmar (40.1K tons)
- India (37.5K tons)
- Lao People's Democratic Republic (25.3K tons)
- Cambodia (3.1K tons)
This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
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
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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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