Thailand - Iron Or Steel Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Washer Price in Thailand - 2023
Contents:
- Metal Washer Price in Thailand (CIF) - 2023
- Metal Washer Price in Thailand (FOB) - 2022
- Metal Washer Imports in Thailand
- Metal Washer Exports in Thailand
Metal Washer Price in Thailand (CIF) - 2023
The average metal washer import price stood at $13,398 per ton in September 2023, approximately reflecting the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 15% month-to-month. The import price peaked at $15,257 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($65,580 per ton), while the price for China ($4,419 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 the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Washer Price in Thailand (FOB) - 2022
In 2022, the average metal washer export price amounted to $18,370 per ton, with an increase of 4% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal washer export price increased by +41.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 29% 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 near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($105,826 per ton), while the average price for exports to Slovenia ($1,227 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 the UK (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Washer Imports in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of iron or steel washers, when their volume decreased by -5.4% to 9.8K tons. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 10K tons, and then declined in the following year.
In value terms, metal washer imports fell modestly to $147M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $152M, and then dropped slightly in the following year.
Import of Metal Washer in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 50.3 | 49.5 | 63.1 | 57.8 | 4.7% |
Malaysia | 16.7 | 20.6 | 21.2 | 22.7 | 10.8% |
China | 14.5 | 14.4 | 16.9 | 19.2 | 9.8% |
United States | 10.1 | 8.7 | 7.3 | 8.3 | -6.3% |
Taiwan (Chinese) | 4.7 | 4.4 | 6.6 | 7.1 | 14.7% |
Germany | 5.7 | 4.8 | 7.5 | 6.2 | 2.8% |
South Korea | 2.5 | 2.4 | 3.3 | 2.7 | 2.6% |
Italy | 2.5 | 1.9 | 2.0 | 2.1 | -5.6% |
Others | 19.1 | 17.6 | 24.0 | 21.2 | 3.5% |
Total | 126 | 124 | 152 | 147 | 5.3% |
Top Suppliers of Metal Washer to Thailand in 2022:
- Japan (4.7K tons)
- China (2.5K tons)
- Taiwan (Chinese) (0.6K tons)
- United States (0.4K tons)
- Malaysia (0.3K tons)
- Italy (0.2K tons)
- Germany (0.2K tons)
- South Korea (0.2K tons)
Metal Washer Exports in Thailand
In 2022, metal washer exports from Thailand contracted to 2K tons, which is down by -9.9% compared with the previous year. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
In value terms, metal washer exports declined to $37M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 42%. As a result, the exports reached the peak of $40M, and then fell in the following year.
Export of Metal Washer in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 6.8 | 9.1 | 15.8 | 15.9 | 32.7% |
Indonesia | 3.8 | 3.0 | 4.7 | 2.2 | -16.7% |
China | 2.4 | 1.1 | 1.6 | 1.9 | -7.5% |
United States | 4.1 | 1.2 | 1.3 | 1.8 | -24.0% |
Malaysia | 3.4 | 2.9 | 2.5 | 1.8 | -19.1% |
Argentina | 1.1 | 0.9 | 1.2 | 1.3 | 5.7% |
United Kingdom | 0.4 | 0.7 | 1.4 | 1.2 | 44.2% |
Philippines | 1.0 | 0.5 | 0.6 | 1.2 | 6.3% |
South Africa | 1.5 | 1.0 | 1.4 | 1.1 | -9.8% |
Brazil | 0.4 | 0.3 | 0.6 | 0.7 | 20.5% |
Mexico | 0.8 | 0.5 | 0.6 | 0.7 | -4.4% |
France | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
Slovenia | N/A | N/A | N/A | 0.1 | 0% |
Others | 9.1 | 6.5 | 7.9 | 6.9 | -8.8% |
Total | 34.9 | 28.0 | 39.9 | 37.4 | 2.3% |
Top Export Markets for Metal Washer from Thailand in 2022:
- South Africa (256.0 tons)
- Indonesia (200.6 tons)
- France (164.8 tons)
- Japan (150.5 tons)
- Argentina (149.4 tons)
- United States (137.5 tons)
- Mexico (119.7 tons)
- Malaysia (104.4 tons)
- China (74.9 tons)
- United Kingdom (74.8 tons)
- Brazil (60.4 tons)
- Philippines (50.5 tons)
- Slovenia (47.2 tons)
This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
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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