Ferro-Alloys; Ferro-Nickel Price in Thailand - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Thailand (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Price in Thailand (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in Thailand
- Ferro-Alloys; Ferro-Nickel Exports in Thailand
Ferro-Alloys; Ferro-Nickel Price in Thailand (CIF) - 2022
The average ferro-alloys; ferro-nickel import price stood at $6,368 per ton in 2022, rising by 70% against the previous year. In general, the import price, however, saw a pronounced decline. The import price peaked at $10,210 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,782 per ton), while the price for Colombia stood at $6,087 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ferro-Alloys; Ferro-Nickel Price in Thailand (FOB) - 2022
In 2022, the average ferro-alloys; ferro-nickel export price amounted to $4,850 per ton, stabilizing at the previous year. Over the period under review, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 246%. As a result, the export price attained the peak level of $4,850 per ton, leveling off in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($5,693 per ton), while the average price for exports to Hong Kong SAR stood at $1,139 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+181.7%).
Ferro-Alloys; Ferro-Nickel Imports in Thailand
In 2022, approx. 1.6K tons of ferro-alloys; ferro-nickels were imported into Thailand; growing by 172% against the previous year. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,217% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ferro-alloys; ferro-nickel imports skyrocketed to $10M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,397%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Ferro-Alloys; Ferro-Nickel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | 2.2 | 1.7 | 7.4 | 83.4% |
| Germany | N/A | N/A | N/A | 2.3 | 0% |
| India | N/A | N/A | 0.1 | N/A | 0% |
| Brazil | N/A | 1.8 | 0.3 | N/A | -83.3% |
| Others | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Total | 0.2 | 4.1 | 2.2 | 10.0 | 268.4% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Thailand in 2022:
- Colombia (1221.7 tons)
- Germany (332.8 tons)
Ferro-Alloys; Ferro-Nickel Exports in Thailand
In 2022, shipments abroad of ferro-alloys; ferro-nickels decreased by -60.3% to 118 tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 662,044% against the previous year. As a result, the exports reached the peak of 298 tons, and then dropped notably in the following year.
In value terms, ferro-alloys; ferro-nickel exports shrank markedly to $573K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,293,535%. As a result, the exports reached the peak of $1.4M, and then fell dramatically in the following year.
| Export of Ferro-Alloys; Ferro-Nickel in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | 1,342 | 548 | -59.2% | |
| Hong Kong SAR | N/A | N/A | 24.9 | 0% | |
| United States | 0.1 | 100 | N/A | 99900.0% | |
| Others | N/A | 2.4 | N/A | 0% | |
| Total | 0.1 | 1,445 | 573 | 7469.7% | |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Thailand in 2022:
- China (96.3 tons)
- Hong Kong SAR (21.9 tons)
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