Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand - 2024

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (FOB) - 2024
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (CIF) - 2024
  3. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand
  4. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (FOB) - 2024

In January 2024, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,445 per ton, rising by 3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 5% month-to-month. Over the period under review, the average export prices hit record highs at $3,566 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the United States ($4,627 per ton), while the average price for exports to Nigeria ($2,824 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 the United States (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (CIF) - 2024

The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,310 per ton in January 2024, reducing by -4.6% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 4% against the previous month. Over the period under review, average import prices attained the peak figure at $3,708 per ton in May 2023; however, from June 2023 to January 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,106 per ton), while the price for Hong Kong SAR ($3,026 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand

After three years of growth, shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -0.9% to 232K tons in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. As a result, the exports attained the peak of 234K tons, leveling off in the following year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s rose rapidly to $900M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States55.783.028830876.8%
Vietnam41.361.810717260.9%
Japan43.150.661.266.515.6%
United Arab Emirates25.437.372.763.135.4%
Australia20.534.351.140.625.6%
South Africa4.113.47.531.396.9%
India4.02.16.130.396.4%
New Zealand9.220.528.129.447.3%
Nigeria0.36.423.927.1348.7%
Indonesia15.711.619.926.819.5%
Hong Kong SAR18.220.523.119.11.6%
Colombia16.620.937.513.4-6.9%
Angola1.10.85.611.5118.7%
Others77.458.751.260.7-7.8%
Total33342278390039.3%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Thailand in 2022:

  1. United States (79.6K tons)
  2. Vietnam (47.2K tons)
  3. Japan (14.5K tons)
  4. United Arab Emirates (14.1K tons)
  5. South Africa (9.3K tons)
  6. India (9.0K tons)
  7. New Zealand (9.0K tons)
  8. Australia (8.9K tons)
  9. Nigeria (7.7K tons)
  10. Indonesia (5.6K tons)
  11. Hong Kong SAR (4.6K tons)
  12. Colombia (4.4K tons)
  13. Angola (3.6K tons)

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand

In 2022, after two years of decline, there was significant growth in supplies from abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, when their volume increased by 29% to 132K tons. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $536M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17115125340333.1%
South Korea70.353.640.837.5-18.9%
Japan40.343.232.029.6-9.8%
Taiwan (Chinese)17.110.114.026.615.9%
Hong Kong SAR8.71.71.813.214.9%
Greece11.412.914.39.9-4.6%
Others27.421.916.016.0-16.4%
Total34629437253615.7%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Thailand in 2022:

  1. China (101.9K tons)
  2. South Korea (9.5K tons)
  3. Japan (6.4K tons)
  4. Taiwan (Chinese) (5.8K tons)
  5. Hong Kong SAR (4.0K tons)
  6. Greece (1.9K tons)

Source: IndexBox Market Intelligence Platform

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