Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (CIF) - 2024
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $217 per ton in February 2024, growing by 7.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 11% m-o-m. The import price peaked at $243 per ton in May 2023; however, from June 2023 to February 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Australia ($272 per ton), while the price for Germany ($160 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $675 per ton, with an increase of 18% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 an increase of 55%. As a result, the export price reached the peak level of $1,096 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,424 per ton), while the average price for exports to Vietnam ($331 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 Myanmar (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand
For the fourth consecutive year, Thailand recorded growth in purchases abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 19% to 273K tons in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 219%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s declined to $72M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 183% against the previous year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1.2 | 6.9 | 20.2 | 18.6 | 149.3% |
| Japan | 3.6 | 11.8 | 8.1 | 9.9 | 40.1% |
| United States | 2.4 | 13.6 | 3.7 | 9.6 | 58.7% |
| Myanmar | 3.0 | 2.5 | 5.7 | 4.0 | 10.1% |
| Hong Kong SAR | 1.3 | 4.1 | 5.9 | 3.9 | 44.2% |
| Australia | 1.0 | 3.9 | 4.2 | 3.0 | 44.2% |
| South Korea | N/A | 0.6 | 2.3 | 2.8 | 116.0% |
| Canada | 0.7 | 1.6 | 0.5 | 2.6 | 54.9% |
| Taiwan (Chinese) | 1.0 | 0.9 | 1.3 | 2.1 | 28.1% |
| United Kingdom | 0.3 | 1.1 | 0.7 | 0.7 | 32.6% |
| Others | 7.2 | 14.0 | 19.9 | 14.8 | 27.1% |
| Total | 21.5 | 60.8 | 72.4 | 72.2 | 49.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Thailand in 2022:
- Japan (63.8K tons)
- Cambodia (46.3K tons)
- United States (43.8K tons)
- South Korea (16.2K tons)
- Hong Kong SAR (15.7K tons)
- Myanmar (14.2K tons)
- Canada (8.6K tons)
- Australia (6.3K tons)
- Taiwan (Chinese) (5.8K tons)
- United Kingdom (3.4K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Thailand fell remarkably to 4.6K tons in 2022, dropping by -25.1% on the year before. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s declined notably to $2.6M in 2022. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 21%.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,827 | 1,500 | 1,836 | 562 | -32.5% |
| India | 113 | 181 | 359 | 485 | 62.5% |
| Myanmar | 58.8 | N/A | N/A | 309 | 73.9% |
| Lao People's Democratic Republic | 303 | 94.4 | 51.5 | 301 | -0.2% |
| Singapore | 241 | 65.0 | 274 | 291 | 6.5% |
| Taiwan (Chinese) | 90.9 | 70.5 | 418 | 255 | 41.0% |
| South Korea | 445 | 382 | 39.8 | 158 | -29.2% |
| Vietnam | N/A | 96.5 | 4.1 | 97.2 | 0.4% |
| Hong Kong SAR | 576 | 2.7 | 72.3 | 9.6 | -74.5% |
| Others | 280 | 263 | 149 | 99.7 | -29.1% |
| Total | 3,935 | 2,655 | 3,205 | 2,568 | -13.3% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Thailand in 2022:
- India (1316.5 tons)
- China (998.5 tons)
- Taiwan (Chinese) (739.2 tons)
- Lao People's Democratic Republic (514.1 tons)
- Vietnam (293.7 tons)
- Singapore (256.2 tons)
- Myanmar (224.9 tons)
- South Korea (111.0 tons)
- Hong Kong SAR (16.7 tons)
397
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
695
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
397
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
695
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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