Thailand - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Thailand - 2023
Contents:
- Winding Wire Price in Thailand (FOB) - 2023
- Winding Wire Price in Thailand (CIF) - 2023
- Winding Wire Exports in Thailand
- Winding Wire Imports in Thailand
Winding Wire Price in Thailand (FOB) - 2023
In September 2023, the average winding wire export price amounted to $9,928 per ton, falling by -6.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 8% month-to-month. Over the period under review, the average export prices reached the maximum at $11,623 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was China ($12,080 per ton), while the average price for exports to Malaysia ($1,201 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 Hong Kong SAR (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Price in Thailand (CIF) - 2023
In September 2023, the average winding wire import price amounted to $11,003 per ton, flattening at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 6.6% against the previous month. As a result, import price reached the peak level of $11,488 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($22,248 per ton), while the price for India ($9,617 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 Taiwan (Chinese) (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of winding wire for electrical purposes, which increased by 6.5% to 28K tons in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, winding wire exports reached $322M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Winding Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 43.5 | 67.1 | 170 | 197 | 65.4% |
| Vietnam | 26.6 | 23.5 | 34.8 | 34.8 | 9.4% |
| China | 5.8 | 7.5 | 11.4 | 15.1 | 37.6% |
| Philippines | 13.3 | 11.7 | 19.2 | 14.8 | 3.6% |
| Hong Kong SAR | 14.1 | 13.5 | 22.8 | 13.6 | -1.2% |
| Cambodia | 5.0 | 4.6 | 5.0 | 8.7 | 20.3% |
| Myanmar | 3.4 | 10.3 | 5.7 | 8.5 | 35.7% |
| South Korea | 1.4 | 1.1 | 2.2 | 7.4 | 74.2% |
| Malaysia | 2.0 | 2.9 | 3.7 | 5.1 | 36.6% |
| United States | 7.9 | 7.3 | 6.0 | 4.4 | -17.7% |
| India | 6.9 | 5.4 | 4.0 | 3.2 | -22.6% |
| Others | 10.1 | 7.1 | 12.2 | 9.3 | -2.7% |
| Total | 140 | 162 | 297 | 322 | 32.0% |
Top Export Markets for Winding Wire from Thailand in 2022:
- Japan (16.0K tons)
- Vietnam (3.0K tons)
- Philippines (1.3K tons)
- China (1.2K tons)
- Hong Kong SAR (1.2K tons)
- Malaysia (1.1K tons)
- Cambodia (1.0K tons)
- Myanmar (0.9K tons)
- South Korea (0.8K tons)
- United States (0.4K tons)
- India (0.3K tons)
Winding Wire Imports in Thailand
In 2022, purchases abroad of winding wire for electrical purposes decreased by -5.8% to 25K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year.
In value terms, winding wire imports expanded slightly to $294M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.8 | 90.6 | 146 | 160 | 36.6% |
| Malaysia | 36.3 | 40.6 | 64.1 | 55.2 | 15.0% |
| South Korea | 12.9 | 13.4 | 21.0 | 20.7 | 17.1% |
| Japan | 22.5 | 18.2 | 22.7 | 19.0 | -5.5% |
| India | 1.5 | 1.0 | 3.6 | 7.0 | 67.1% |
| Taiwan (Chinese) | 4.2 | 5.1 | 8.3 | 6.0 | 12.6% |
| Vietnam | 4.3 | 4.1 | 4.9 | 5.2 | 6.5% |
| Others | 7.9 | 8.3 | 13.3 | 20.5 | 37.4% |
| Total | 152 | 181 | 284 | 294 | 24.6% |
Top Suppliers of Winding Wire to Thailand in 2022:
- China (15.5K tons)
- Malaysia (4.7K tons)
- South Korea (1.9K tons)
- Japan (0.9K tons)
- India (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Vietnam (0.3K tons)
This report provides an in-depth analysis of the winding 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 27321100 - Winding wire for electrical purposes
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.
-
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
-
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
-
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
-
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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