Thailand: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Thailand

After four years of growth, the Thai hot-dipped metal-coated sheet market decreased by X% to $X in 2022. In general, consumption continues to indicate a slight decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Thailand

In 2022, shipments abroad of hot-dipped metal-coated sheet decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports showed a slight decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet exports shrank to $X in 2022. In general, exports showed a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Taiwan (Chinese) (X tons) and Bangladesh (X tons) were the main destinations of hot-dipped metal-coated sheet exports from Thailand, with a combined X% share of total exports. Malaysia, Lao People's Democratic Republic, Canada, Indonesia, Vietnam, the Philippines, Pakistan and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) emerged as the key foreign market for hot-dipped metal-coated sheet exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average hot-dipped metal-coated sheet export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Bangladesh ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Thailand

In 2022, imports of hot-dipped metal-coated sheet into Thailand contracted to X tons, shrinking by X% on the year before. Over the period under review, imports showed a slight downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet imports declined to $X in 2022. In general, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hot-dipped metal-coated sheet supplier to Thailand, with a X% share of total imports. Moreover, hot-dipped metal-coated sheet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of hot-dipped metal-coated sheet to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average hot-dipped metal-coated sheet import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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