Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand - 2024
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (CIF) - 2024
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (FOB) - 2024
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (CIF) - 2024
In September 2023, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $315 per ton, surging by 4.4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 9% against the previous month. Over the period under review, average import prices hit record highs at $334 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat 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 the United Arab Emirates ($1,394 per ton), while the price for Canada ($146 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (FOB) - 2024
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $694 per ton in September 2023, with an increase of 5.2% against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in April 2023 when the average export price increased by 6.7% against the previous month. The export price peaked at $871 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was South Korea ($1,521 per ton), while the average price for exports to China ($264 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand
In 2022, approx. 1.7M tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Thailand; growing by 1.6% compared with the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% 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 +70.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $660M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports reached the peak of $671M, and then shrank in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 21.2 | 29.2 | 84.7 | 75.1 | 52.4% |
| Myanmar | N/A | 3.2 | 50.5 | 53.6 | 309.3% |
| United States | 77.4 | 108 | 105 | 52.5 | -12.1% |
| Panama | 29.7 | 19.7 | 45.6 | 50.6 | 19.4% |
| Trinidad and Tobago | 18.2 | 13.3 | 36.5 | 36.2 | 25.8% |
| Japan | 16.3 | 60.1 | 33.4 | 35.3 | 29.4% |
| Venezuela | 0.4 | 1.6 | 20.4 | 29.9 | 321.2% |
| Costa Rica | 17.5 | 13.6 | 27.7 | 28.6 | 17.8% |
| Puerto Rico | N/A | 12.0 | 24.5 | 28.0 | 52.8% |
| Cambodia | 1.5 | 7.3 | 20.9 | 23.7 | 150.9% |
| Haiti | 7.4 | 8.5 | 16.3 | 19.4 | 37.9% |
| Canada | 2.7 | 5.7 | 7.6 | 18.3 | 89.2% |
| South Korea | 8.1 | 7.9 | 16.5 | 16.0 | 25.5% |
| Others | 124 | 122 | 182 | 193 | 15.9% |
| Total | 324 | 412 | 671 | 660 | 26.8% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Thailand in 2022:
- United States (207.2K tons)
- Japan (163.3K tons)
- Australia (152.0K tons)
- Myanmar (129.1K tons)
- Panama (119.0K tons)
- Trinidad and Tobago (83.2K tons)
- Puerto Rico (71.3K tons)
- Costa Rica (67.0K tons)
- Venezuela (62.1K tons)
- Cambodia (58.3K tons)
- South Korea (52.5K tons)
- Haiti (45.0K tons)
- Canada (41.4K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Thailand dropped to 360K tons in 2022, waning by -8.7% on 2021 figures. Overall, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% 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 +38.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 52%. As a result, the exports reached the peak of 394K tons, and then reduced in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped to $395M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, the exports attained the peak of $408M, and then reduced modestly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 83.6 | 98.6 | 164 | 180 | 29.1% |
| South Korea | 60.1 | 71.3 | 150 | 136 | 31.3% |
| Indonesia | 31.4 | 9.3 | 24.1 | 24.2 | -8.3% |
| China | 2.6 | 1.7 | 3.5 | 20.7 | 99.7% |
| Taiwan (Chinese) | 20.6 | 16.8 | 18.8 | 9.4 | -23.0% |
| Bangladesh | 7.9 | 3.7 | 10.4 | 8.2 | 1.3% |
| Vietnam | 3.6 | 0.7 | 24.9 | 3.4 | -1.9% |
| Malaysia | 0.9 | 2.1 | 3.2 | 2.3 | 36.7% |
| Japan | 1.7 | 1.3 | 3.3 | 1.9 | 3.8% |
| Lao People's Democratic Republic | 7.8 | 3.5 | 1.2 | 0.9 | -51.3% |
| Others | 6.4 | 10.9 | 5.1 | 7.4 | 5.0% |
| Total | 227 | 220 | 408 | 395 | 20.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Thailand in 2022:
- India (134.3K tons)
- South Korea (76.5K tons)
- China (47.1K tons)
- Indonesia (44.1K tons)
- Bangladesh (17.2K tons)
- Malaysia (13.3K tons)
- Taiwan (Chinese) (6.5K tons)
- Vietnam (6.5K tons)
- Japan (6.1K tons)
- Lao People's Democratic Republic (2.5K tons)
424
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
742
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
424
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
742
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
