Report Update: May 1, 2024

Thailand - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Wire Stainless Steel Rod in Thailand - 2023

Price for Hot-Rolled Wire Stainless Steel Rod in Thailand (CIF) - 2023

The average import price for hot-rolled wire rod in coil of stainless steel stood at $2,805 per ton in September 2023, increasing by 5.9% against the previous month. Over the period under review, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in November 2022 when the average import price increased by 16% m-o-m. As a result, import price attained the peak level of $3,490 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from South Korea ($3,569 per ton) and Japan ($3,492 per ton), while the price for Taiwan (Chinese) ($2,555 per ton) and China ($2,871 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Hot-Rolled Wire Stainless Steel Rod in Thailand (FOB) - 2022

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $4,159 per ton, with an increase of 13% against the previous year. Overall, the export price saw a mild expansion. The pace of growth was the most pronounced in 2014 an increase of 126%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($5,016 per ton), while the average price for exports to Cambodia ($960 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 Sri Lanka (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Stainless Steel Rod in Thailand

After three years of growth, supplies from abroad of hot-rolled wire rod in coil of stainless steel decreased by -18.1% to 52K tons in 2022. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 63K tons, and then declined markedly in the following year.

In value terms, hot-rolled wire stainless steel rod imports expanded significantly to $188M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Hot-Rolled Wire Stainless Steel Rod in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	23.5	33.2	88.1	73.5	46.2%
Taiwan (Chinese)	51.7	42.6	50.6	59.6	4.9%
Japan	25.2	20.9	25.9	39.1	15.8%
South Korea	12.5	13.6	11.0	14.0	3.8%
Others	0.8	1.5	0.6	2.1	37.9%
Total	114	112	176	188	18.1%

Top Suppliers of Hot-Rolled Wire Stainless Steel Rod to Thailand in 2022:

China (21.1K tons)
Taiwan (Chinese) (16.7K tons)
Japan (9.6K tons)
South Korea (3.8K tons)

Exports of Hot-Rolled Wire Stainless Steel Rod in Thailand

In 2022, exports of hot-rolled wire rod in coil of stainless steel from Thailand soared to 113 tons, growing by 121% on 2021 figures. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled wire stainless steel rod exports surged to $471K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hot-Rolled Wire Stainless Steel Rod in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	0.1	N/A	124	307	1353.4%
Japan	N/A	N/A	N/A	93.3	0%
Lao People's Democratic Republic	0.9	81.1	28.7	48.2	276.9%
Myanmar	10.7	0.5	0.3	22.0	27.2%
Hong Kong SAR	34.3	1.3	5.5	1.1	-68.2%
Cambodia	43.5	31.4	3.0	0.1	-86.8%
Italy	N/A	74.2	N/A	N/A	0%
Others	5.0	2.3	27.1	N/A	132.8%
Total	94.3	191	189	471	70.9%

Top Export Markets for Hot-Rolled Wire Stainless Steel Rod from Thailand in 2022:

Hong Kong SAR (undefined tons)
Taiwan (Chinese) (64.8 tons)
Japan (22.8 tons)
Myanmar (15.9 tons)
Lao People's Democratic Republic (9.6 tons)
Cambodia (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod 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 24106300 - Hot-rolled wire rod in coil, of stainless steel

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023