Price for Steel, Stainless; Ingots and Other Primary Forms in Thailand - 2024
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Thailand (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Thailand (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Thailand
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Thailand
Price for Steel, Stainless; Ingots and Other Primary Forms in Thailand (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $1,794 per ton in 2022, which is down by -41.3% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 92% against the previous year. As a result, import price reached the peak level of $5,376 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,498 per ton), while the price for Indonesia totaled $1,527 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Thailand (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $25,066 per ton in 2021, increasing by 86% against the previous year. In general, the export price posted a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 228% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($31,051 per ton), while the average price for exports to Vietnam totaled $9,054 per ton.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+92.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of steel, stainless; ingots and other primary formses, which increased by 507% to 304 tons in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $546K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 450 | 0% |
| United States | 31.1 | 19.4 | 37.8 | 61.6 | 25.6% |
| Belize | N/A | 30.5 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 109 | N/A | 0% |
| Others | 26.8 | 21.4 | 6.3 | 34.5 | 8.8% |
| Total | 57.8 | 71.4 | 153 | 546 | 111.4% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Thailand in 2022:
- Indonesia (294.6 tons)
- United States (9.5 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Thailand
In 2021, the amount of steel, stainless; ingots and other primary formses exported from Thailand soared to 136 kg, jumping by 278% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; ingots and other primary formses soared to $3.4K in 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | N/A | N/A | 3.1 | 0% | |
| Vietnam | N/A | N/A | 0.3 | 0% | |
| Myanmar | 0.3 | N/A | N/A | 0% | |
| Taiwan (Chinese) | N/A | 0.5 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.3 | 0.5 | 3.4 | 236.7% | |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Thailand in 2022:
- Japan (99.0 kg)
- Vietnam (37.0 kg)
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