Thailand - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in Thailand - 2023
Contents:
- Ferro-Chromium Price in Thailand (CIF) - 2023
- Ferro-Chromium Price in Thailand (FOB) - 2022
- Ferro-Chromium Imports in Thailand
- Ferro-Chromium Exports in Thailand
Ferro-Chromium Price in Thailand (CIF) - 2023
The average ferro-chromium import price stood at $1,530 per ton in September 2023, approximately mirroring the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 61% month-to-month. As a result, import price reached the peak level of $2,017 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From September 2022 to September 2023, the rate of growth in terms of prices for India amounted to +0.6% per month.
Ferro-Chromium Price in Thailand (FOB) - 2022
The average ferro-chromium export price stood at $1,458 per ton in 2022, shrinking by -8.9% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 65% against the previous year. The export price peaked at $4,458 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +180.9% per year.
Ferro-Chromium Imports in Thailand
In 2022, the amount of ferro-chromium imported into Thailand soared to 15K tons, jumping by 31% on the year before. The total import volume increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-chromium imports surged to $26M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Chromium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.2 | 6.0 | 9.5 | 15.2 | 22.8% |
| Brazil | N/A | 0.9 | 1.1 | 3.1 | 85.6% |
| Kazakhstan | N/A | 1.7 | 1.1 | 3.0 | 32.8% |
| Albania | 0.2 | 0.1 | 0.3 | 1.1 | 76.5% |
| Zimbabwe | 0.2 | N/A | N/A | 0.5 | 35.7% |
| Turkey | 2.1 | 0.4 | 0.3 | 0.1 | -63.8% |
| Puerto Rico | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.6 | 5.9 | 2.0 | 2.9 | 3.7% |
| Total | 13.3 | 15.0 | 14.2 | 26.0 | 25.0% |
Top Suppliers of Ferro-Chromium to Thailand in 2022:
- Turkey (undefinedK tons)
- India (9.8K tons)
- Brazil (2.1K tons)
- Kazakhstan (0.7K tons)
- Albania (0.5K tons)
- Zimbabwe (0.4K tons)
- Puerto Rico (0.2K tons)
Ferro-Chromium Exports in Thailand
In 2022, approx. 23 tons of ferro-chromium were exported from Thailand; growing by 1.8% on 2021 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 7.6% against the previous year. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ferro-chromium exports dropped to $34K in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $42K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Chromium in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Lao People's Democratic Republic | N/A | N/A | 5.3 | N/A | 0% |
| Indonesia | 31.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 41.5 | 31.3 | 34.0 | -9.5% |
| Total | 31.7 | 41.5 | 36.6 | 34.0 | 2.4% |
Top Export Markets for Ferro-Chromium from Thailand in 2022:
- Hong Kong SAR (1.8 tons)
This report provides an in-depth analysis of the ferro-chromium 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:
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
349
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