Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand (FOB) - 2024
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand (CIF) - 2024

In September 2023, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,066 per ton, declining by -4% against the previous month. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 5.3% against the previous month. The import price peaked at $1,972 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6,577 per ton), while the price for China ($883 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand (FOB) - 2024

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $936 per ton in September 2023, increasing by 12% against the previous month. In general, the export price posted buoyant growth. The pace of growth was the most pronounced in June 2023 when the average export price increased by 154% month-to-month. As a result, the export price attained the peak level of $1,356 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Cambodia ($2,038 per ton), while the average price for exports to China stood at $423 per ton.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand

In 2022, after three years of growth, there was decline in purchases abroad of alloy steel flat-rolled products, of a width of less than 600mms, when their volume decreased by -0.7% to 74K tons. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 170% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms reached $108M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Thailand in 2022:

1. China (64.1K tons)
2. Japan (5.0K tons)
3. Taiwan (Chinese) (2.7K tons)
4. South Korea (1.2K tons)
5. Malaysia (0.1K tons)
6. Vietnam (0.1K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Thailand

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms exported from Thailand surged to 6K tons, rising by 155% compared with the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms stood at $3.5M in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Thailand in 2022:

1. China (5229.3 tons)
2. Pakistan (312.0 tons)
3. Indonesia (145.4 tons)
4. Vietnam (77.9 tons)
5. Lao People's Democratic Republic (58.3 tons)
6. Japan (44.4 tons)

Source: IndexBox Market Intelligence Platform