Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,068 per ton, shrinking by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 49%. As a result, import price attained the peak level of $1,123 per ton, and then dropped modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,628 per ton), while the price for China ($851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,049 per ton, surging by 5.2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $1,170 per ton in June 2023; however, from July 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Vietnam ($2,132 per ton), while the average price for exports to Australia ($817 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by -19.9% to 36K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45%. As a result, imports attained the peak of 46K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs contracted markedly to $39M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +25.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $51M, and then fell significantly in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 23.5 | 33.5 | 24.5 | 12.3% |
| Malaysia | 6.7 | 3.5 | 6.4 | 6.2 | -2.6% |
| South Korea | 4.7 | 3.6 | 5.8 | 3.9 | -6.0% |
| Qatar | 0.6 | 1.2 | 2.7 | 1.4 | 32.6% |
| Vietnam | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Others | 1.6 | 2.7 | 2.2 | 1.8 | 4.0% |
| Total | 30.8 | 34.5 | 50.8 | 38.7 | 7.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Thailand in 2022:
- China (28.8K tons)
- Malaysia (3.0K tons)
- South Korea (1.5K tons)
- Qatar (1.1K tons)
- Vietnam (0.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -56.3% to 7.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 7.5%. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs dropped significantly to $8.8M in 2022. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 4.9% against the previous year. As a result, the exports reached the peak of $24M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.6 | 1.5 | 2.1 | 2.8 | 20.5% |
| Singapore | 2.8 | 2.2 | 1.9 | 1.7 | -15.3% |
| Myanmar | 0.4 | 0.4 | 0.8 | 1.0 | 35.7% |
| Malaysia | 0.8 | 1.2 | 0.7 | 0.9 | 4.0% |
| Indonesia | 3.2 | 2.4 | 4.1 | 0.7 | -39.7% |
| Vietnam | 1.2 | 1.3 | 2.0 | 0.4 | -30.7% |
| United States | 1.2 | 1.5 | 0.9 | 0.3 | -37.0% |
| South Korea | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Australia | 1.7 | 2.5 | 3.0 | 0.2 | -51.0% |
| New Zealand | 0.2 | 0.7 | 1.2 | N/A | 144.9% |
| United Kingdom | 1.8 | 1.3 | 0.3 | N/A | -59.2% |
| Denmark | 1.8 | 2.3 | 1.7 | N/A | -2.8% |
| Netherlands | 2.2 | 2.6 | 1.1 | N/A | -29.3% |
| Others | 3.7 | 4.0 | 3.8 | 0.5 | -48.7% |
| Total | 22.6 | 23.7 | 23.6 | 8.8 | -27.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Thailand in 2022:
- India (2126.0 tons)
- Singapore (1550.3 tons)
- Myanmar (923.6 tons)
- Malaysia (913.3 tons)
- Indonesia (614.8 tons)
- Vietnam (308.4 tons)
- South Korea (288.6 tons)
- United States (193.3 tons)
- Australia (143.3 tons)
- United Kingdom (26.6 tons)
- Denmark (18.3 tons)
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