Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand (FOB) - 2024
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand (CIF) - 2024

In January 2024, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $830 per ton, reducing by -1.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 6.9% m-o-m. As a result, import price attained the peak level of $936 per ton. From July 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Taiwan (Chinese) ($966 per ton) and South Korea ($854 per ton), while the price for China ($781 per ton) and Japan ($836 per ton) were amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand (FOB) - 2024

In January 2024, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,079 per ton, reducing by -14.5% against the previous month. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in October 2023 an increase of 24% month-to-month. Over the period under review, the average export prices attained the maximum at $1,404 per ton in March 2023; however, from April 2023 to January 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Myanmar ($1,954 per ton), while the average price for exports to China ($625 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into Thailand reduced to 2.1M tons, declining by -14.4% against the previous year. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 2.4M tons, and then reduced in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores fell slightly to $2.2B in 2022. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 92%. As a result, imports reached the peak of $2.2B, and then fell slightly in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Thailand in 2022:

1. Japan (1048.4K tons)
2. China (842.8K tons)
3. South Korea (116.0K tons)
4. Taiwan (Chinese) (52.8K tons)
5. Vietnam (28.2K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -68.6% to 12K tons. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 98%. As a result, the exports attained the peak of 39K tons, and then declined markedly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores contracted dramatically to $17M in 2022. Overall, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 162%. As a result, the exports reached the peak of $47M, and then declined markedly in the following year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Thailand in 2022:

1. Myanmar (5.0K tons)
2. Lao People's Democratic Republic (3.9K tons)
3. Bangladesh (0.5K tons)
4. Vietnam (0.5K tons)
5. China (0.5K tons)
6. Indonesia (0.4K tons)
7. Singapore (0.3K tons)
8. Japan (0.3K tons)
9. Australia (0.2K tons)

Source: IndexBox Market Intelligence Platform