Price for Aluminium; Tubes and Pipes in Thailand - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in Thailand (CIF) - 2023
- Price for Aluminium; Tubes and Pipes in Thailand (FOB) - 2023
- Imports of Aluminium; Tubes and Pipes in Thailand
- Exports of Aluminium; Tubes and Pipes in Thailand
Price for Aluminium; Tubes and Pipes in Thailand (CIF) - 2023
In September 2023, the average aluminium; tubes and pipes import price amounted to $6,037 per ton, picking up by 3.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 10% month-to-month. Over the period under review, average import prices reached the peak figure at $6,547 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8,675 per ton), while the price for Indonesia ($4,509 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 China (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in Thailand (FOB) - 2023
The average aluminium; tubes and pipes export price stood at $7,792 per ton in September 2023, shrinking by -7.3% against the previous month. In general, the export price recorded a mild curtailment. The growth pace was the most rapid in June 2023 an increase of 23% m-o-m. As a result, the export price reached the peak level of $9,517 per ton. From July 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Indonesia ($10,108 per ton), while the average price for exports to Canada ($1,940 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Tubes and Pipes in Thailand
After three years of growth, purchases abroad of aluminium; tubes and pipeses decreased by -17.2% to 16K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 +48.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports attained the peak of 19K tons, and then contracted significantly in the following year.
In value terms, aluminium; tubes and pipes imports dropped to $97M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. As a result, imports attained the peak of $104M, and then dropped in the following year.
| Import of Aluminium; Tubes and Pipes in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 23.9 | 53.9 | 45.5 | 30.0% |
| Cambodia | 10.5 | 8.7 | 14.4 | 16.3 | 15.8% |
| South Korea | 11.1 | 13.3 | 14.7 | 14.0 | 8.0% |
| Japan | 6.6 | 4.5 | 9.1 | 11.7 | 21.0% |
| Taiwan (Chinese) | 2.3 | 1.6 | 2.7 | 2.8 | 6.8% |
| Indonesia | 1.3 | 1.2 | 2.1 | 2.2 | 19.2% |
| United Arab Emirates | N/A | N/A | 2.7 | 2.1 | -22.2% |
| Others | 3.5 | 3.2 | 4.4 | 2.7 | -8.3% |
| Total | 56.1 | 56.5 | 104 | 97.3 | 20.1% |
Top Suppliers of Aluminium; Tubes and Pipes to Thailand in 2022:
- China (9.0K tons)
- South Korea (2.1K tons)
- Cambodia (1.8K tons)
- Japan (1.4K tons)
- United Arab Emirates (0.4K tons)
- Indonesia (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
Exports of Aluminium; Tubes and Pipes in Thailand
In 2022, approx. 2.6K tons of aluminium; tubes and pipeses were exported from Thailand; which is down by -35.4% on the previous year's figure. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year.
In value terms, aluminium; tubes and pipes exports declined significantly to $20M in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year.
| Export of Aluminium; Tubes and Pipes in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 1.9 | 0.9 | 3.3 | 220.8% |
| India | 2.6 | 2.3 | 2.3 | 2.6 | 0.0% |
| Japan | 3.2 | 2.0 | 2.0 | 2.6 | -6.7% |
| Turkey | 1.2 | 1.2 | 2.0 | 2.2 | 22.4% |
| Malaysia | 1.6 | 1.6 | 1.7 | 1.8 | 4.0% |
| Lao People's Democratic Republic | 0.7 | 1.6 | 1.7 | 1.6 | 31.7% |
| Indonesia | 9.9 | 3.1 | 5.0 | 1.4 | -47.9% |
| South Africa | 1.6 | 1.5 | 2.7 | 1.1 | -11.7% |
| Egypt | N/A | 0.1 | 0.9 | 1.1 | 231.7% |
| Canada | 1.4 | 1.0 | 1.0 | 0.4 | -34.1% |
| China | 0.5 | 0.8 | 2.3 | 0.2 | -26.3% |
| South Korea | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Vietnam | 1.2 | 0.9 | 0.4 | N/A | -42.3% |
| Others | 1.6 | 0.8 | 1.7 | 1.2 | -9.1% |
| Total | 26.1 | 19.2 | 24.7 | 19.8 | -8.8% |
Top Export Markets for Aluminium; Tubes and Pipes from Thailand in 2022:
- India (370.1 tons)
- Malaysia (310.4 tons)
- Japan (301.6 tons)
- United States (281.1 tons)
- Turkey (279.4 tons)
- Canada (202.4 tons)
- Indonesia (164.6 tons)
- Egypt (159.4 tons)
- Lao People's Democratic Republic (155.5 tons)
- South Africa (137.1 tons)
- South Korea (63.4 tons)
- China (18.1 tons)
- Vietnam (4.3 tons)
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