Thailand - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in Thailand - 2023
Contents:
- Stranded Wire Price in Thailand (FOB) - 2023
- Stranded Wire Price in Thailand (CIF) - 2023
- Stranded Wire Exports in Thailand
- Stranded Wire Imports in Thailand
Stranded Wire Price in Thailand (FOB) - 2023
In September 2023, the average stranded wire export price amounted to $1,997 per ton, dropping by -8.8% against the previous month. Overall, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in July 2023 an increase of 10% m-o-m. The export price peaked at $2,612 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($3,979 per ton), while the average price for exports to Australia ($977 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Price in Thailand (CIF) - 2023
In September 2023, the average stranded wire import price amounted to $1,670 per ton, surging by 5.4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 10% m-o-m. As a result, import price reached the peak level of $2,030 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($3,796 per ton), while the price for China ($1,323 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Stranded Wire Exports in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of stranded wire, ropes and cables, which increased by 27% to 261K tons in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, stranded wire exports surged to $600M in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stranded Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.1 | 60.5 | 103 | 203 | 79.5% |
| India | 14.9 | 17.0 | 35.7 | 54.1 | 53.7% |
| Netherlands | 8.6 | 13.7 | 34.6 | 46.6 | 75.6% |
| Vietnam | 25.2 | 25.6 | 32.3 | 44.6 | 21.0% |
| Australia | 28.9 | 27.2 | 26.4 | 21.7 | -9.1% |
| France | 8.7 | 11.1 | 10.8 | 20.9 | 33.9% |
| Germany | 7.3 | 5.8 | 7.8 | 14.9 | 26.8% |
| Belgium | 0.5 | 0.6 | 1.8 | 13.0 | 196.2% |
| Italy | 10.9 | 6.6 | 5.5 | 12.0 | 3.3% |
| Taiwan (Chinese) | 6.3 | 7.7 | 8.8 | 11.9 | 23.6% |
| Finland | 3.6 | 3.6 | 3.2 | 11.0 | 45.1% |
| Denmark | 1.5 | 2.4 | 1.3 | 10.9 | 93.7% |
| Malaysia | 5.2 | 4.9 | 8.6 | 9.6 | 22.7% |
| Others | 92.1 | 81.8 | 95.3 | 126 | 11.0% |
| Total | 249 | 268 | 375 | 600 | 34.1% |
Top Export Markets for Stranded Wire from Thailand in 2022:
- United States (85.5K tons)
- India (22.2K tons)
- Vietnam (16.8K tons)
- Australia (15.6K tons)
- Netherlands (13.4K tons)
- France (10.5K tons)
- Taiwan (Chinese) (7.6K tons)
- Belgium (7.4K tons)
- Finland (7.0K tons)
- Malaysia (6.8K tons)
- Italy (5.8K tons)
- Denmark (5.8K tons)
- Germany (5.3K tons)
Stranded Wire Imports in Thailand
In 2022, approx. 146K tons of stranded wire, ropes and cables were imported into Thailand; with an increase of 6.9% on the year before. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, stranded wire imports soared to $321M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Stranded Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 148 | 135 | 162 | 218 | 13.8% |
| Japan | 20.1 | 18.2 | 23.9 | 24.6 | 7.0% |
| Indonesia | 28.9 | 26.3 | 24.2 | 23.3 | -6.9% |
| South Korea | 17.4 | 15.6 | 22.0 | 18.7 | 2.4% |
| Vietnam | 19.3 | 17.9 | 19.3 | 13.4 | -11.5% |
| Malaysia | 12.1 | 9.5 | 12.0 | 11.3 | -2.3% |
| Others | 13.3 | 9.0 | 13.4 | 11.1 | -5.8% |
| Total | 260 | 231 | 276 | 321 | 7.3% |
Top Suppliers of Stranded Wire to Thailand in 2022:
- China (111.6K tons)
- Indonesia (9.8K tons)
- South Korea (7.2K tons)
- Japan (6.7K tons)
- Malaysia (4.6K tons)
- Vietnam (4.0K tons)
This report provides an in-depth analysis of the stranded wire market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the stranded wire market in Thailand.
456
This report provides an in-depth analysis of the steel stranded wire market in Thailand.
234
This report provides an in-depth analysis of the steel plaited band market in Thailand.
962
This report provides an in-depth analysis of the global stranded wire market.
548
This report provides an in-depth analysis of the global steel stranded wire market.
405
This report provides an in-depth analysis of the global steel plaited band market.
380
This report provides an in-depth analysis of the stranded wire market in Thailand.
456
This report provides an in-depth analysis of the steel stranded wire market in Thailand.
234
This report provides an in-depth analysis of the steel plaited band market in Thailand.
962
This report provides an in-depth analysis of the global stranded wire market.
210
The exports of Steel Stranded Wire experienced a slightly lower growth from October 2023 to November 2023. In terms of value, the exports of Steel Stranded Wire saw a rapid increase, reaching $32M in November 2023.
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Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
895
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
951
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
134
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
210
The exports of Steel Stranded Wire experienced a slightly lower growth from October 2023 to November 2023. In terms of value, the exports of Steel Stranded Wire saw a rapid increase, reaching $32M in November 2023.
224
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
895
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
951
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
134
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
