Price for Zinc; Bars, Rods, Profiles and Wire in Thailand - 2024
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Thailand (CIF) - 2024
- Price for Zinc; Bars, Rods, Profiles and Wire in Thailand (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Thailand
- Exports of Zinc; Bars, Rods, Profiles and Wire in Thailand
Price for Zinc; Bars, Rods, Profiles and Wire in Thailand (CIF) - 2024
The average import price for zinc; bars, rods, profiles and wires stood at $3,525 per ton in January 2024, surging by 4.5% against the previous month. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 26% m-o-m. Over the period under review, average import prices reached the peak figure at $4,091 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from South Korea ($3,962 per ton) and Japan ($3,713 per ton), while the price for India ($3,213 per ton) and China ($3,362 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Zinc; Bars, Rods, Profiles and Wire in Thailand (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $1,287 per ton in 2022, shrinking by -21.4% against the previous year. In general, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2019 an increase of 61% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,294 per ton in 2020; however, from 2021 to 2022, the 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 Japan ($12,333 per ton), while the average price for exports to Lao People's Democratic Republic ($1,203 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 Japan (+27.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Zinc; Bars, Rods, Profiles and Wire in Thailand
Imports of zinc; bars, rods, profiles and wires into Thailand contracted rapidly to 998 tons in 2022, waning by -30.5% against the previous year. Overall, imports saw a deep contraction. The smallest decline of -1.6% was in 2020.
In value terms, imports of zinc; bars, rods, profiles and wires dropped sharply to $4.5M in 2022. Over the period under review, imports recorded a abrupt setback. The smallest decline of -4.7% was in 2020.
| Import of Zinc; Bars, Rods, Profiles and Wire in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,267 | 1,850 | 2,164 | 1,700 | -9.1% |
| South Korea | 1,321 | 1,469 | 1,232 | 1,332 | 0.3% |
| Vietnam | 92.7 | 63.2 | 235 | 391 | 61.6% |
| Japan | 603 | 358 | 408 | 383 | -14.0% |
| Germany | 201 | 524 | 229 | 329 | 17.9% |
| China | 1,474 | 1,379 | 809 | 296 | -41.4% |
| Others | 34.7 | 69.3 | 239 | 78.4 | 31.2% |
| Total | 5,993 | 5,713 | 5,315 | 4,510 | -9.0% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Thailand in 2022:
- India (407.2 tons)
- South Korea (267.6 tons)
- Vietnam (91.2 tons)
- Japan (79.6 tons)
- China (76.7 tons)
- Germany (66.0 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Thailand
In 2022, exports of zinc; bars, rods, profiles and wires from Thailand rose markedly to 230 tons, with an increase of 13% on the year before. Overall, exports, however, saw a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year.
In value terms, exports of zinc; bars, rods, profiles and wires contracted to $296K in 2022. In general, exports, however, recorded a sharp decrease. The smallest decline of -1.5% was in 2021.
| Export of Zinc; Bars, Rods, Profiles and Wire in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 269 | 111 | 193 | 210 | -7.9% |
| Myanmar | 90.5 | 220 | 21.7 | 84.7 | -2.2% |
| South Korea | 61.8 | 0.3 | 0.1 | N/A | -96.0% |
| Japan | 979 | 0.6 | 10.2 | N/A | -89.8% |
| Malaysia | 204 | 0.1 | 0.4 | N/A | -95.6% |
| Taiwan (Chinese) | N/A | N/A | 100 | N/A | 0% |
| Others | 6.9 | 7.9 | 8.4 | 1.0 | -47.5% |
| Total | 1,611 | 339 | 334 | 296 | -43.1% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Thailand in 2022:
- Lao People's Democratic Republic (174.9 tons)
- Myanmar (55.0 tons)
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