Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand - 2024
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (FOB) - 2024
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (CIF) - 2024
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (FOB) - 2024
In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,204 per ton, rising by 4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 7% m-o-m. The export price peaked at $3,319 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was South Korea ($3,433 per ton), while the average price for exports to Japan stood at $3,198 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.6%), while the prices for the other major destinations experienced a decline.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (CIF) - 2024
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,356 per ton in November 2023, dropping by -9.1% against the previous month. Overall, the import price saw a perceptible decrease. The pace of growth was the most pronounced in October 2023 an increase of 19% against the previous month. Over the period under review, average import prices attained the peak figure at $4,738 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($6,560 per ton), while the price for Malaysia ($2,957 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which increased by 20% to 2K tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $7.1M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 112%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1.6 | 1.8 | 4.2 | 5.0 | 46.2% |
South Korea | N/A | N/A | 0.3 | 1.1 | 266.7% |
Vietnam | 0.6 | 0.7 | 0.9 | 1.1 | 22.4% |
Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
Total | 2.3 | 2.6 | 5.5 | 7.1 | 45.6% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Thailand in 2022:
- Japan (1427.3 tons)
- South Korea (336.0 tons)
- Vietnam (264.6 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Thailand soared to 1.4K tons, surging by 44% compared with 2021. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $7M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 1,353 | 1,398 | 1,927 | 3,411 | 36.1% |
India | 171 | 23.8 | 251 | 924 | 75.5% |
Netherlands | 44.1 | 151 | 682 | 920 | 175.3% |
Bahrain | 519 | 308 | 557 | 590 | 4.4% |
South Korea | N/A | N/A | N/A | 461 | 0% |
China | 321 | 303 | 204 | 360 | 3.9% |
Spain | N/A | 85.4 | 91.7 | 132 | 24.3% |
United States | 237 | 147 | 383 | 104 | -24.0% |
Others | 48.9 | 47.1 | 107 | 110 | 31.0% |
Total | 2,694 | 2,464 | 4,202 | 7,011 | 37.6% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Thailand in 2022:
- United Kingdom (507.1 tons)
- India (278.3 tons)
- Bahrain (168.2 tons)
- Netherlands (149.2 tons)
- South Korea (135.5 tons)
- China (85.2 tons)
- Spain (24.2 tons)
- United States (9.2 tons)
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