Thailand - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Thailand - 2023
Contents:
- Price for Forged Stainless Steel Bar in Thailand (CIF) - 2023
- Price for Forged Stainless Steel Bar in Thailand (FOB) - 2023
- Imports of Forged Stainless Steel Bar in Thailand
- Exports of Forged Stainless Steel Bar in Thailand
Price for Forged Stainless Steel Bar in Thailand (CIF) - 2023
In September 2023, the average forged stainless steel bar import price amounted to $4,430 per ton, jumping by 44% against the previous month. In general, import price indicated tangible growth from September 2022 to September 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, forged stainless steel bar import price increased by +98.4% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 61% m-o-m. Over the period under review, average import prices reached the maximum in September 2023.
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 States ($24,835 per ton), while the price for China ($1,510 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 China (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Forged Stainless Steel Bar in Thailand (FOB) - 2023
In September 2023, the average forged stainless steel bar export price amounted to $3,321 per ton, falling by -5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 21% m-o-m. The export price peaked at $4,476 per ton in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($7,445 per ton), while the average price for exports to Myanmar ($1,058 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Forged Stainless Steel Bar in Thailand
Forged stainless steel bar imports into Thailand stood at 6.5K tons in 2022, surging by 6.2% against the year before. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. As a result, imports attained the peak of 7.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, forged stainless steel bar imports soared to $30M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Forged Stainless Steel Bar in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 10.6 | 14.7 | 10.5 | 12.8 | 6.5% |
United States | 1.1 | 1.1 | 0.9 | 5.0 | 65.7% |
Taiwan (Chinese) | 3.0 | 1.8 | 1.4 | 3.1 | 1.1% |
China | 2.1 | 2.6 | 3.6 | 2.9 | 11.4% |
Vietnam | 0.9 | 0.8 | 1.0 | 1.2 | 10.1% |
South Korea | 1.3 | 1.2 | 0.7 | 0.9 | -11.5% |
India | 1.3 | 1.6 | 0.5 | 0.8 | -14.9% |
Malaysia | 1.8 | 0.2 | N/A | 0.1 | -61.8% |
Others | 2.1 | 1.4 | 1.5 | 3.2 | 15.1% |
Total | 24.2 | 25.3 | 20.0 | 29.9 | 7.3% |
Top Suppliers of Forged Stainless Steel Bar to Thailand in 2022:
- Japan (2700.8 tons)
- China (1916.3 tons)
- Taiwan (Chinese) (530.2 tons)
- United States (343.0 tons)
- Vietnam (225.0 tons)
- India (212.6 tons)
- South Korea (212.0 tons)
- Malaysia (12.1 tons)
Exports of Forged Stainless Steel Bar in Thailand
In 2022, overseas shipments of forged bars of stainless steel decreased by -2.1% to 2.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 95%.
In value terms, forged stainless steel bar exports rose remarkably to $9.1M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 106%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Forged Stainless Steel Bar in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2,201 | 1,722 | 4,208 | 4,927 | 30.8% |
Indonesia | 636 | 637 | 1,020 | 2,431 | 56.4% |
Malaysia | 240 | 30.0 | 428 | 1,025 | 62.2% |
Lao People's Democratic Republic | 455 | 1,121 | 744 | 297 | -13.3% |
Italy | N/A | N/A | 14.6 | 63.5 | 334.9% |
Pakistan | 35.1 | N/A | 601 | 49.9 | 12.4% |
Myanmar | 21.2 | 53.1 | N/A | N/A | 150.5% |
Others | 319 | 351 | 1,033 | 287 | -3.5% |
Total | 3,907 | 3,914 | 8,049 | 9,081 | 32.5% |
Top Export Markets for Forged Stainless Steel Bar from Thailand in 2022:
- Indonesia (1070.9 tons)
- Japan (992.5 tons)
- Malaysia (219.4 tons)
- Lao People's Democratic Republic (197.1 tons)
- Pakistan (47.9 tons)
- Italy (40.0 tons)
This report provides an in-depth analysis of the market for forged stainless steel bar 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 24106450 - Forged bars, of stainless steel
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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Imports of Forged Stainless Steel Bar reached their highest level and are expected to continue growing in the near future. In terms of value, these imports surged to $1.8 million in November 2023.
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