Thailand - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Thailand - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Thailand (CIF) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Thailand (FOB) - 2023
- Imports of Hot-Rolled Bearing Steel Bar in Thailand
- Exports of Hot-Rolled Bearing Steel Bar in Thailand
Price for Hot-Rolled Bearing Steel Bar in Thailand (CIF) - 2023
In September 2023, the average hot-rolled bearing steel bar import price amounted to $1,013 per ton, with an increase of 10% against the previous month. In general, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 23% against the previous month. The import price peaked at $1,283 per ton in November 2022; however, from December 2022 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 ($1,302 per ton), while the price for Singapore ($626 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 Japan (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Bearing Steel Bar in Thailand (FOB) - 2023
The average hot-rolled bearing steel bar export price stood at $695 per ton in September 2023, surging by 9.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices hit record highs at $772 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Australia ($649 per ton), while the average price for exports to Papua New Guinea amounted to $617 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Bearing Steel Bar in Thailand
In 2022, the amount of hot-rolled bars in bearing steels imported into Thailand dropped dramatically to 275K tons, reducing by -19% against 2021. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 23%.
In value terms, hot-rolled bearing steel bar imports expanded to $358M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year.
| Import of Hot-Rolled Bearing Steel Bar in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 170 | 102 | 166 | 191 | 4.0% |
| China | 144 | 83.8 | 115 | 105 | -10.0% |
| South Korea | 28.6 | 27.3 | 56.7 | 47.5 | 18.4% |
| India | 9.1 | 4.0 | 3.5 | 8.3 | -3.0% |
| Others | 7.8 | 8.0 | 7.0 | 6.5 | -5.9% |
| Total | 360 | 226 | 349 | 358 | -0.2% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Thailand in 2022:
- Japan (138.3K tons)
- China (88.7K tons)
- South Korea (38.2K tons)
- India (6.3K tons)
Exports of Hot-Rolled Bearing Steel Bar in Thailand
In 2022, approx. 16K tons of hot-rolled bars in bearing steels were exported from Thailand; growing by 7% on 2021. The total export volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, the exports reached the peak of 17K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hot-rolled bearing steel bar exports rose notably to $14M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hot-Rolled Bearing Steel Bar in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 261 | 791 | 4,923 | 5,567 | 177.3% |
| Papua New Guinea | 2,271 | 3,438 | 3,969 | 4,739 | 27.8% |
| South Korea | 5.0 | N/A | N/A | 845 | 452.9% |
| Vietnam | 336 | 364 | 743 | 753 | 30.9% |
| Samoa | 172 | 698 | 227 | 318 | 22.7% |
| American Samoa | 54.1 | 235 | 109 | 249 | 66.3% |
| Vanuatu | 170 | 336 | 274 | 205 | 6.4% |
| Solomon Islands | 239 | 808 | 438 | 147 | -15.0% |
| China | 308 | 336 | 69.7 | 43.2 | -48.0% |
| Lao People's Democratic Republic | 2,465 | 405 | 16.3 | 5.7 | -86.8% |
| Hong Kong SAR | 761 | 416 | N/A | N/A | -45.3% |
| Others | 808 | 930 | 1,018 | 678 | -5.7% |
| Total | 7,851 | 8,758 | 11,786 | 13,551 | 20.0% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Thailand in 2022:
- Lao People's Democratic Republic (undefinedK tons)
- Australia (7.0K tons)
- Papua New Guinea (6.3K tons)
- South Korea (0.8K tons)
- Samoa (0.4K tons)
- Vanuatu (0.3K tons)
- American Samoa (0.3K tons)
- Vietnam (0.3K tons)
- Solomon Islands (0.2K tons)
- China (0.1K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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 24106630 - Hot-rolled bars in bearing steels
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
-
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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