Price for Stainless Steel in Ingots or Other Primary Forms in Thailand - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Thailand (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Thailand (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Thailand
- Exports of Stainless Steel in Ingots or Other Primary Forms in Thailand
Price for Stainless Steel in Ingots or Other Primary Forms in Thailand (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $2,434 per ton, falling by -56.2% against the previous year. Over the period under review, the import price showed a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 315% against the previous year. Over the period under review, average import prices attained the peak figure at $12,439 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($58,092 per ton), while the price for Indonesia ($1,621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Thailand (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $6,325 per ton in 2022, falling by -42.7% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 1,477% against the previous year. As a result, the export price reached the peak level of $26,048 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
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 Malaysia ($25,997 per ton), while the average price for exports to Myanmar ($1,292 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 China (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Thailand
Imports of stainless steel in ingots or other primary forms into Thailand soared to 313 tons in 2022, rising by 417% compared with the year before. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $763K in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 450 | 0% |
| Malaysia | 7.1 | 22.4 | 27.3 | 120 | 156.6% |
| United States | 149 | 41.1 | 79.2 | 68.5 | -22.8% |
| China | 24.6 | 39.7 | 34.9 | 5.3 | -40.1% |
| Taiwan (Chinese) | 3.2 | 4.1 | 111 | 1.9 | -16.0% |
| Belize | N/A | 30.5 | N/A | N/A | 0% |
| Others | 63.3 | 63.9 | 85.0 | 117 | 22.7% |
| Total | 247 | 202 | 337 | 763 | 45.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Thailand in 2022:
- Indonesia (277.5 tons)
- Malaysia (21.5 tons)
- United States (9.0 tons)
- Taiwan (Chinese) (1.1 tons)
- China (0.9 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Thailand
In 2022, approx. 85 tons of stainless steel in ingots or other primary forms were exported from Thailand; with an increase of 122% against 2021 figures. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms skyrocketed to $540K in 2022. Overall, exports, however, recorded a slight descent.
| Export of Stainless Steel in Ingots or Other Primary Forms in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 211 | 96.7 | 258 | 332 | 16.3% |
| Cambodia | 150 | N/A | N/A | 141 | -2.0% |
| Myanmar | 26.9 | 7.6 | 23.8 | 16.2 | -15.6% |
| China | 1.1 | 0.9 | 8.6 | 12.3 | 123.6% |
| United States | 2.5 | 365 | 32.3 | 12.1 | 69.2% |
| Lao People's Democratic Republic | 85.5 | 2.1 | 4.5 | 6.1 | -58.5% |
| Taiwan (Chinese) | 46.5 | 40.1 | 44.3 | N/A | -2.4% |
| Maldives | 2.7 | 0.2 | 2.7 | N/A | 0.0% |
| Others | 31.3 | 71.0 | 51.0 | 19.7 | -14.3% |
| Total | 557 | 584 | 425 | 540 | -1.0% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Thailand in 2022:
- Cambodia (22.3 tons)
- Malaysia (12.8 tons)
- Myanmar (12.5 tons)
- China (1.8 tons)
- Lao People's Democratic Republic (1.5 tons)
- United States (1.5 tons)
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