Ferro-Alloys; Ferro-Niobium Price in Thailand - 2023

Contents:

  1. Ferro-Alloys; Ferro-Niobium Price in Thailand (CIF) - 2022
  2. Ferro-Alloys; Ferro-Niobium Imports in Thailand

Ferro-Alloys; Ferro-Niobium Price in Thailand (CIF) - 2022

In 2022, the average ferro-alloys; ferro-niobium import price amounted to $13,264 per ton, dropping by -2.7% against the previous year. In general, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 39%. As a result, import price attained the peak level of $45,533 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($52,539 per ton), while the price for China ($5,289 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Ferro-Alloys; Ferro-Niobium Imports in Thailand

In 2022, ferro-alloys; ferro-niobium imports into Thailand rose remarkably to 64 tons, with an increase of 7.9% compared with the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 61%. As a result, imports reached the peak of 73 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-alloys; ferro-niobium imports expanded modestly to $852K in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of $952K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Ferro-Alloys; Ferro-Niobium in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil378497408357-1.9%
China93.020219026641.9%
Japan19316616782.5-24.7%
CanadaN/AN/A23.560.0155.3%
Taiwan (Chinese)N/AN/A6.747.9614.9%
United Kingdom8.787.07.738.664.3%
OthersN/AN/A9.2N/A0%
Total6729528128528.2%

Top Suppliers of Ferro-Alloys; Ferro-Niobium to Thailand in 2022:

  1. China (50.3 tons)
  2. Brazil (6.8 tons)
  3. Japan (3.0 tons)
  4. Canada (2.0 tons)
  5. Taiwan (Chinese) (1.1 tons)
  6. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform

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