Thailand: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Thailand

The Thai ferro-alloys market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Ferro-Alloys Production in Thailand

In value terms, ferro-alloys production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

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Ferro-Alloys Exports

Exports from Thailand

In 2022, shipments abroad of ferro-alloys increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ferro-alloys exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of ferro-alloys exports from Thailand, together comprising X% of total exports. Slovenia, South Korea, Indonesia, Belgium, Vietnam, China, Turkey, India, Poland and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Slovenia ($X) were the largest markets for ferro-alloys exported from Thailand worldwide, with a combined X% share of total exports. The United States, Mexico, Indonesia, South Korea, Vietnam, India, Turkey, Belgium, Poland and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X 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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Thailand

In 2022, imports of ferro-alloys into Thailand fell to X tons, with a decrease of X% compared with the year before. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, ferro-alloys imports rose significantly to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of ferro-alloys imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Malaysia ($X) appeared to be the largest ferro-alloys suppliers to Thailand, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform