Thailand - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in Thailand - 2023
Contents:
- Price for Metal Spiral or Discs Spring in Thailand (CIF) - 2023
- Price for Metal Spiral or Discs Spring in Thailand (FOB) - 2023
- Imports of Metal Spiral or Discs Spring in Thailand
- Exports of Metal Spiral or Discs Spring in Thailand
Price for Metal Spiral or Discs Spring in Thailand (CIF) - 2023
The average import price for iron or steel flat spiral or discs springs stood at $12,289 per ton in September 2023, remaining constant against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 38% month-to-month. As a result, import price reached the peak level of $13,245 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($33,737 per ton), while the price for China ($5,054 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 Malaysia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Metal Spiral or Discs Spring in Thailand (FOB) - 2023
The average export price for iron or steel flat spiral or discs springs stood at $8,858 per ton in September 2023, with a decrease of -11.9% against the previous month. Over the period under review, the export price, however, recorded a modest expansion. The pace of growth was the most pronounced in November 2022 an increase of 19% month-to-month. The export price peaked at $10,497 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was India ($14,883 per ton), while the average price for exports to Pakistan ($4,816 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 India (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Spiral or Discs Spring in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of iron or steel flat spiral or discs springs, when their volume decreased by -18.3% to 7.5K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year.
In value terms, metal spiral or discs spring imports fell to $91M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $106M, and then fell in the following year.
Import of Metal Spiral or Discs Spring in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 37.3 | 29.4 | 36.6 | 30.3 | -6.7% |
China | 13.8 | 20.7 | 22.9 | 17.3 | 7.8% |
United States | 5.4 | 6.8 | 9.1 | 9.3 | 19.9% |
Germany | 6.4 | 6.1 | 8.6 | 8.0 | 7.7% |
Taiwan (Chinese) | 3.9 | 4.4 | 7.3 | 6.6 | 19.2% |
Malaysia | 6.3 | 4.5 | 5.2 | 4.9 | -8.0% |
South Korea | 1.0 | 0.8 | 1.5 | 1.8 | 21.6% |
Romania | 2.0 | 1.3 | 0.8 | 0.7 | -29.5% |
India | 0.9 | 0.8 | 1.8 | 0.7 | -8.0% |
Others | 9.0 | 8.5 | 12.2 | 11.0 | 6.9% |
Total | 85.9 | 83.3 | 106 | 90.7 | 1.8% |
Top Suppliers of Metal Spiral or Discs Spring to Thailand in 2022:
- China (2971.8 tons)
- Japan (1578.9 tons)
- Taiwan (Chinese) (1022.1 tons)
- United States (493.0 tons)
- Malaysia (265.7 tons)
- South Korea (218.1 tons)
- Germany (197.0 tons)
- India (142.3 tons)
- Romania (74.7 tons)
Exports of Metal Spiral or Discs Spring in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of iron or steel flat spiral or discs springs, which increased by 6.6% to 6.5K tons in 2022. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, metal spiral or discs spring exports fell to $55M in 2022. In general, exports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $58M, and then contracted in the following year.
Export of Metal Spiral or Discs Spring in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 13.8 | 9.9 | 14.5 | 14.6 | 1.9% |
Vietnam | 11.5 | 11.5 | 10.5 | 7.1 | -14.8% |
China | 0.6 | 0.9 | 0.7 | 5.2 | 105.4% |
Malaysia | 3.5 | 3.4 | 3.6 | 4.9 | 11.9% |
Japan | 3.0 | 2.4 | 3.4 | 3.3 | 3.2% |
India | 2.9 | 3.0 | 3.4 | 3.1 | 2.2% |
United States | 5.3 | 2.8 | 3.8 | 2.8 | -19.2% |
Philippines | 3.0 | 2.0 | 2.7 | 2.7 | -3.5% |
Cambodia | 1.1 | 2.4 | 2.5 | 1.8 | 17.8% |
Pakistan | 0.9 | 1.1 | 1.8 | 1.2 | 10.1% |
Mexico | 0.8 | 1.0 | 0.9 | 1.2 | 14.5% |
South Africa | 1.3 | 0.9 | 1.0 | 1.1 | -5.4% |
Taiwan (Chinese) | 0.8 | 0.8 | 0.6 | 0.5 | -14.5% |
Others | 8.9 | 7.1 | 8.7 | 5.6 | -14.3% |
Total | 57.5 | 49.0 | 58.1 | 55.2 | -1.4% |
Top Export Markets for Metal Spiral or Discs Spring from Thailand in 2022:
- Indonesia (1303.5 tons)
- Vietnam (996.7 tons)
- Malaysia (866.4 tons)
- China (535.5 tons)
- Philippines (372.5 tons)
- United States (368.5 tons)
- India (308.1 tons)
- Japan (265.4 tons)
- Pakistan (256.3 tons)
- South Africa (222.6 tons)
- Taiwan (Chinese) (194.5 tons)
- Mexico (132.3 tons)
- Cambodia (114.9 tons)
This report provides an in-depth analysis of the market for metal spiral or discs spring 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 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
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
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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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Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...