Thailand - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Thailand - 2023
Contents:
- Metal Spring Washer Price in Thailand (CIF) - 2023
- Metal Spring Washer Price in Thailand (FOB) - 2022
- Metal Spring Washer Imports in Thailand
- Metal Spring Washer Exports in Thailand
Metal Spring Washer Price in Thailand (CIF) - 2023
In September 2023, the average metal spring washer import price amounted to $8,237 per ton, reducing by -37.6% against the previous month. In general, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 67% month-to-month. The import price peaked at $14,474 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($9,435 per ton), while the price for the United States ($4,918 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Spring Washer Price in Thailand (FOB) - 2022
The average metal spring washer export price stood at $18,014 per ton in 2022, which is down by -1.7% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer export price decreased by -10.5% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 49%. The export price peaked at $20,132 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
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 Singapore ($26,103 per ton), while the average price for exports to South Africa ($5,480 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 Singapore (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Spring Washer Imports in Thailand
In 2022, the amount of iron or steel spring washers imported into Thailand expanded notably to 1.7K tons, increasing by 5.8% on the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 increased by +46.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, metal spring washer imports fell to $16M in 2022. Overall, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $18M, and then shrank in the following year.
| Import of Metal Spring Washer in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.6 | 5.7 | 7.5 | 6.0 | -7.6% |
| China | 1.2 | 1.1 | 2.0 | 2.3 | 24.2% |
| Taiwan (Chinese) | 0.8 | 0.7 | 1.1 | 1.2 | 14.5% |
| United States | 1.4 | 0.7 | 1.0 | 1.0 | -10.6% |
| South Korea | 0.7 | 0.7 | 0.6 | 0.8 | 4.6% |
| Germany | 0.8 | 0.7 | 0.6 | 0.7 | -4.4% |
| Italy | 0.8 | 0.7 | 0.6 | 0.6 | -9.1% |
| India | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 3.2 | 3.4 | 4.2 | 3.2 | 0.0% |
| Total | 16.7 | 13.8 | 18.0 | 15.9 | -1.6% |
Top Suppliers of Metal Spring Washer to Thailand in 2022:
- China (573.5 tons)
- Japan (550.0 tons)
- South Korea (177.5 tons)
- Taiwan (Chinese) (170.3 tons)
- United States (49.2 tons)
- Italy (47.1 tons)
- India (31.0 tons)
- Germany (18.8 tons)
Metal Spring Washer Exports in Thailand
After three years of growth, shipments abroad of iron or steel spring washers decreased by -10.6% to 550 tons in 2022. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 615 tons, and then dropped in the following year.
In value terms, metal spring washer exports declined to $9.9M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $11M, and then contracted in the following year.
| Export of Metal Spring Washer in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 165 | 169 | 194 | 2,086 | 133.0% |
| Japan | 3,059 | 4,116 | 3,847 | 1,315 | -24.5% |
| Indonesia | 1,658 | 1,244 | 1,526 | 1,293 | -8.0% |
| China | 1,076 | 1,275 | 1,574 | 1,224 | 4.4% |
| Philippines | 899 | 856 | 1,334 | 609 | -12.2% |
| India | 563 | 413 | 662 | 581 | 1.1% |
| United States | 359 | 334 | 565 | 575 | 17.0% |
| Singapore | 464 | 249 | 198 | 554 | 6.1% |
| Czech Republic | N/A | 69.5 | 234 | 378 | 133.2% |
| Brazil | 203 | 234 | 292 | 326 | 17.1% |
| Malaysia | 140 | 110 | 126 | 160 | 4.6% |
| South Africa | 179 | 118 | 196 | 115 | -13.7% |
| Lao People's Democratic Republic | 132 | 251 | 89.1 | 85.1 | -13.6% |
| Others | 328 | 624 | 435 | 603 | 22.5% |
| Total | 9,224 | 10,063 | 11,273 | 9,904 | 2.4% |
Top Export Markets for Metal Spring Washer from Thailand in 2022:
- Vietnam (95.2 tons)
- Japan (75.8 tons)
- Indonesia (67.5 tons)
- China (63.7 tons)
- United States (52.0 tons)
- India (48.5 tons)
- Philippines (26.4 tons)
- Singapore (21.2 tons)
- South Africa (21.0 tons)
- Czech Republic (15.6 tons)
- Brazil (15.2 tons)
- Malaysia (9.1 tons)
- Lao People's Democratic Republic (3.3 tons)
This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers
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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