Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (CIF) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (FOB) - 2024
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (CIF) - 2024
In January 2024, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $2,967 per ton, increasing by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in February 2023 an increase of 47% against the previous month. As a result, import price attained the peak level of $3,743 per ton. From March 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($18,246 per ton), while the price for Venezuela ($1,524 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (FOB) - 2024
In January 2024, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,546 per ton, with a decrease of -3.1% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2023 an increase of 49% month-to-month. The export price peaked at $6,276 per ton in September 2023; however, from October 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($11,895 per ton), while the average price for exports to Myanmar ($937 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which increased by 11% to 26K tons in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows fell modestly to $79M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $80M, and then fell slightly in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.7 | 37.3 | 52.6 | 54.3 | 19.7% |
| Japan | 14.7 | 9.9 | 16.7 | 9.7 | -12.9% |
| Vietnam | 3.0 | 4.0 | 3.6 | 4.3 | 12.7% |
| Others | 9.5 | 6.9 | 7.3 | 10.2 | 2.4% |
| Total | 58.8 | 58.2 | 80.2 | 78.5 | 10.1% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Thailand in 2022:
- China (21.8K tons)
- Japan (1.5K tons)
- Vietnam (0.9K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand
In 2022, exports of aluminium; alloys, bars, rods and profiles, other than hollows from Thailand stood at 5.5K tons, approximately reflecting the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 4%.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $28M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.6 | 8.2 | 3.6 | 5.7 | 7.4% |
| China | 6.2 | 4.3 | 5.9 | 5.6 | -3.3% |
| Vietnam | 3.5 | 4.0 | 4.2 | 4.2 | 6.3% |
| India | 0.1 | 0.5 | 0.9 | 2.1 | 175.9% |
| United States | 1.1 | 1.0 | 1.4 | 2.0 | 22.1% |
| Lao People's Democratic Republic | 1.2 | 1.0 | 1.3 | 1.6 | 10.1% |
| Canada | 1.0 | 0.4 | 1.4 | 1.5 | 14.5% |
| Mexico | 0.1 | 0.2 | 0.9 | 1.0 | 115.4% |
| Myanmar | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Indonesia | 4.1 | 0.3 | 0.2 | 0.4 | -54.0% |
| Others | 1.6 | 1.7 | 1.9 | 3.6 | 31.0% |
| Total | 23.7 | 21.7 | 22.1 | 27.9 | 5.6% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Thailand in 2022:
- China (1313.3 tons)
- Japan (1032.5 tons)
- Vietnam (743.3 tons)
- Lao People's Democratic Republic (312.4 tons)
- Canada (305.7 tons)
- United States (282.7 tons)
- India (278.7 tons)
- Myanmar (269.3 tons)
- Mexico (196.0 tons)
- Indonesia (68.8 tons)
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