Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand - 2024
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (FOB) - 2024
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (CIF) - 2022
In 2022, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $8,385 per ton, picking up by 10% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -10.1% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 49%. As a result, import price reached the peak level of $9,330 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
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 Sweden ($32,506 per ton), while the price for India ($5,435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (FOB) - 2024
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $13,830 per ton in September 2023, increasing by 17% against the previous month. Overall, the export price continues to indicate mild growth. The growth pace was the most rapid in May 2023 an increase of 201% month-to-month. As a result, the export price attained the peak level of $43,579 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Singapore ($161K per ton), while the average price for exports to the Netherlands ($7,828 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand
Imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia into Thailand soared to 3.7K tons in 2022, increasing by 20% on the previous year's figure. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia surged to $31M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.5 | 12.5 | 11.7 | 19.6 | 13.2% |
| Japan | 3.7 | 2.1 | 2.2 | 3.1 | -5.7% |
| Sweden | 2.0 | 3.0 | 2.9 | 2.6 | 9.1% |
| South Korea | 5.1 | 1.3 | 1.5 | 1.9 | -28.0% |
| Austria | 0.1 | N/A | 0.5 | 1.6 | 152.0% |
| Germany | 0.7 | 1.0 | 0.8 | 1.3 | 22.9% |
| India | 0.6 | 0.6 | 0.2 | 0.2 | -30.7% |
| Others | 3.6 | 2.5 | 3.9 | 0.9 | -37.0% |
| Total | 29.3 | 23.0 | 23.7 | 31.4 | 2.3% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Thailand in 2022:
- China (3172.8 tons)
- Japan (149.7 tons)
- South Korea (139.4 tons)
- Sweden (79.7 tons)
- Austria (67.3 tons)
- Germany (61.5 tons)
- India (43.1 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand
In 2022, shipments abroad of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -15.9% to 682 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia soared to $9.2M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 31.4 | 221 | 2,590 | 3,883 | 398.2% |
| Italy | 1,795 | 1,688 | 1,011 | 1,502 | -5.8% |
| China | 1.6 | 456 | 1,108 | 1,287 | 830.0% |
| India | 41.8 | 69.5 | 484 | 626 | 146.5% |
| Spain | 18.3 | 237 | 294 | 426 | 185.5% |
| France | 302 | 444 | 535 | 321 | 2.1% |
| Netherlands | 758 | 84.6 | 340 | 225 | -33.3% |
| Pakistan | 177 | 74.4 | 425 | 209 | 5.7% |
| Others | 1,631 | 862 | 1,076 | 676 | -25.4% |
| Total | 4,756 | 4,137 | 7,864 | 9,155 | 24.4% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Thailand in 2022:
- Italy (225.8 tons)
- Singapore (130.5 tons)
- Pakistan (66.8 tons)
- Spain (64.0 tons)
- China (42.6 tons)
- France (38.4 tons)
- India (31.5 tons)
- Netherlands (26.5 tons)
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