Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand - 2024

Contents:

  1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (CIF) - 2024
  2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (FOB) - 2024
  3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand
  4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (CIF) - 2024

In September 2023, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,932 per ton, waning by -5.3% against the previous month. Over the period under review, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in May 2023 an increase of 6.7% against the previous month. The import price peaked at $2,246 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Romania ($3,789 per ton), while the price for Taiwan (Chinese) ($463 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (FOB) - 2024

The average export price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $1,502 per ton in September 2023, growing by 2.5% against the previous month. Overall, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in June 2023 an increase of 8.9% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,727 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Philippines ($2,985 per ton), while the average price for exports to South Korea ($751 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand

Imports of granules and powders, of pig iron, spiegeleisen, iron or steels into Thailand declined remarkably to 32K tons in 2022, falling by -25.6% compared with 2021. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 60%. As a result, imports reached the peak of 43K tons, and then reduced rapidly in the following year.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels contracted to $66M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $73M, and then fell in the following year.

Import of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan27.323.933.028.00.8%
Sweden15.511.417.515.4-0.2%
China5.26.29.89.020.1%
Canada1.91.22.12.01.7%
South Korea1.91.92.01.8-1.8%
India0.20.81.61.7104.1%
Taiwan (Chinese)0.30.91.41.049.4%
Others5.73.35.67.38.6%
Total58.049.573.166.24.5%

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Thailand in 2022:

  1. Japan (12.5K tons)
  2. Sweden (7.7K tons)
  3. China (6.0K tons)
  4. India (1.4K tons)
  5. Canada (1.2K tons)
  6. Taiwan (Chinese) (1.0K tons)
  7. South Korea (0.8K tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand

In 2022, the amount of granules and powders, of pig iron, spiegeleisen, iron or steels exported from Thailand skyrocketed to 36K tons, rising by 21% on 2021 figures. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels skyrocketed to $61M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany5.37.511.821.860.2%
United States7.96.38.99.14.8%
India2.52.94.76.033.9%
South Korea3.20.91.65.217.6%
Vietnam4.23.45.24.63.1%
Indonesia0.90.62.02.030.5%
Japan1.61.62.61.84.0%
China3.45.86.31.8-19.1%
Malaysia0.70.61.11.631.7%
Singapore0.71.01.41.322.9%
United Arab Emirates0.50.60.60.711.9%
Taiwan (Chinese)0.80.71.00.6-9.1%
Others2.12.22.83.922.9%
Total33.934.150.160.621.4%

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Thailand in 2022:

  1. South Korea (12.0K tons)
  2. India (6.3K tons)
  3. Vietnam (5.3K tons)
  4. United States (2.2K tons)
  5. Indonesia (1.7K tons)
  6. Singapore (1.5K tons)
  7. Malaysia (1.5K tons)
  8. Germany (1.0K tons)
  9. United Arab Emirates (0.8K tons)
  10. Taiwan (Chinese) (0.6K tons)
  11. Japan (0.3K tons)
  12. China (0.3K tons)
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