Thailand - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Household Articles Price in Thailand - 2023
Contents:
- Iron Household Articles Price in Thailand (CIF) - 2023
- Iron Household Articles Price in Thailand (FOB) - 2023
- Iron Household Articles Imports in Thailand
- Iron Household Articles Exports in Thailand
Iron Household Articles Price in Thailand (CIF) - 2023
The average iron household articles import price stood at $1,365 per ton in July 2023, rising by 14% against the previous month. Overall, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in December 2022 an increase of 24% m-o-m. As a result, import price attained the peak level of $2,233 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($1,380 per ton), while the price for China amounted to $1,286 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.0%).
Iron Household Articles Price in Thailand (FOB) - 2023
The average iron household articles export price stood at $3,000 per ton in July 2023, shrinking by -7.4% against the previous month. In general, export price indicated a temperate increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, iron household articles export price increased by +52.4% against April 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 55% m-o-m. As a result, the export price reached the peak level of $3,238 per ton, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was South Sudan ($12,963 per ton), while the average price for exports to Myanmar ($1,531 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Household Articles Imports in Thailand
In 2022, after three years of growth, there was decline in overseas purchases of table, kitchen or household articles and parts of iron, when their volume decreased by -3.3% to 11K tons. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 48% against the previous year.
In value terms, iron household articles imports fell slightly to $24M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $24M, and then declined in the following year.
Import of Iron Household Articles in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.2 | 16.8 | 19.1 | 18.0 | 5.8% |
Japan | 2.6 | 2.5 | 3.0 | 2.9 | 3.7% |
Others | 2.0 | 2.0 | 2.2 | 2.6 | 9.1% |
Total | 19.8 | 21.3 | 24.2 | 23.6 | 6.0% |
Top Suppliers of Iron Household Articles to Thailand in 2022:
- China (8.4K tons)
- Japan (2.4K tons)
Iron Household Articles Exports in Thailand
In 2022, iron household articles exports from Thailand soared to 4.9K tons, with an increase of 21% against 2021 figures. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +55.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron household articles exports expanded sharply to $12M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Export of Iron Household Articles in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.5 | 3.7 | 4.5 | 5.2 | -1.9% |
Japan | 1.5 | 1.6 | 1.7 | 1.5 | 0.0% |
Malaysia | 1.2 | 0.9 | 0.9 | 1.4 | 5.3% |
Cambodia | 0.4 | 0.7 | 1.0 | 1.1 | 40.1% |
Lao People's Democratic Republic | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Myanmar | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Others | 1.9 | 2.2 | 2.5 | 2.2 | 5.0% |
Total | 11.0 | 9.4 | 11.0 | 11.8 | 2.4% |
Top Export Markets for Iron Household Articles from Thailand in 2022:
- United States (3253.6 tons)
- Cambodia (638.9 tons)
- Japan (300.1 tons)
- Malaysia (271.5 tons)
- Lao People's Democratic Republic (133.9 tons)
- Myanmar (68.3 tons)
This report provides an in-depth analysis of the iron household articles 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 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)
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
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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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