Thailand: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Thailand

The Thai steel plaited band market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption posted a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steel Plaited Band Production in Thailand

In value terms, steel plaited band production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports from Thailand

In 2022, overseas shipments of iron or steel plaited bands and slings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main destinations of steel plaited band exports from Thailand, together comprising X% of total exports. The United States, Taiwan (Chinese), Belgium, Greece, Mexico, Italy and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X), the Netherlands ($X) and Germany ($X) were the largest markets for steel plaited band exported from Thailand worldwide, together comprising X% of total exports. The United States, Taiwan (Chinese), Spain, Italy, Belgium, Mexico and Greece lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 steel plaited band export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Steel Plaited Band Imports

Imports into Thailand

Steel plaited band imports into Thailand surged to X tons in 2022, picking up by X% compared with the previous year. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, steel plaited band imports soared to $X in 2022. Overall, imports showed a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel plaited band to Thailand, accounting for a X% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was held by Romania (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of iron or steel plaited bands and slings to Thailand, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

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

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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