Price for Steel, Alloy; Angles, Shapes and Sections in Thailand - 2024
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Thailand (FOB) - 2024
- Price for Steel, Alloy; Angles, Shapes and Sections in Thailand (CIF) - 2022
- Exports of Steel, Alloy; Angles, Shapes and Sections in Thailand
- Imports of Steel, Alloy; Angles, Shapes and Sections in Thailand
Price for Steel, Alloy; Angles, Shapes and Sections in Thailand (FOB) - 2024
The average export price for steel, alloy; angles, shapes and sectionses stood at $603 per ton in March 2024, with a decrease of -1.6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 25% against the previous month. As a result, the export price attained the peak level of $734 per ton. From January 2024 to March 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Australia ($1,595 per ton), while the average price for exports to Myanmar stood at $583 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.0%).
Price for Steel, Alloy; Angles, Shapes and Sections in Thailand (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $1,038 per ton, with a decrease of -15.1% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2017 an increase of 82%. Over the period under review, average import prices attained the maximum at $1,222 per ton in 2021, and then fell notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,086 per ton), while the price for Indonesia stood at $10 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%).
Exports of Steel, Alloy; Angles, Shapes and Sections in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of steel, alloy; angles, shapes and sectionses, which increased by 3.9% to 2.3K tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 101%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of steel, alloy; angles, shapes and sectionses shrank rapidly to $1.7M in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 148% against the previous year. As a result, the exports attained the peak of $3.3M, and then fell sharply in the following year.
| Export of Steel, Alloy; Angles, Shapes and Sections in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 406 | 421 | 279 | 1,115 | 40.0% |
| Australia | 176 | 398 | 480 | 431 | 34.8% |
| United States | N/A | 362 | 2,462 | 81.3 | -52.6% |
| Lao People's Democratic Republic | 32.2 | 27.3 | 16.5 | 40.9 | 8.3% |
| Cambodia | 4.3 | 17.9 | N/A | 37.7 | 106.2% |
| Others | 0.7 | 112 | 78.8 | 19.0 | 200.5% |
| Total | 620 | 1,338 | 3,316 | 1,725 | 40.6% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Thailand in 2022:
- Myanmar (1940.6 tons)
- Australia (179.7 tons)
- United States (55.0 tons)
- Cambodia (54.1 tons)
- Lao People's Democratic Republic (23.0 tons)
Imports of Steel, Alloy; Angles, Shapes and Sections in Thailand
In 2022, purchases abroad of steel, alloy; angles, shapes and sectionses decreased by -25.4% to 291 tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year. As a result, imports attained the peak of 728 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy; angles, shapes and sectionses fell remarkably to $302K in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 69%. As a result, imports reached the peak of $629K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Alloy; Angles, Shapes and Sections in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 363 | 587 | 471 | 296 | -6.6% |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 8.4 | 42.2 | 5.0 | 5.4 | -13.7% |
| Total | 372 | 629 | 476 | 302 | -6.7% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Thailand in 2022:
- China (272.6 tons)
- Indonesia (16.8 tons)
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