Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (CIF) - 2024
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (FOB) - 2024
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (CIF) - 2024
In February 2024, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $23,542 per ton, increasing by 12% against the previous month. Over the period from March 2023 to February 2024, it increased at an average monthly rate of +2.4%. The import price peaked at $23,818 per ton in December 2023; however, from January 2024 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Japan ($55,014 per ton), while the price for South Korea ($11,995 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Mexico (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (FOB) - 2024
In February 2024, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $17,711 per ton, with an increase of 4.3% against the previous month. Over the period under review, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 38% month-to-month. Over the period under review, the average export prices attained the peak figure at $23,127 per ton in April 2023; however, from May 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Japan ($43,447 per ton), while the average price for exports to Malaysia ($2,729 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand
In 2022, overseas purchases of insulated electric conductors for a voltage under 1000 v, fitted with connectors decreased by -12.2% to 24K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of 27K tons, and then reduced in the following year.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $586M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 227 | 295 | 375 | 394 | 20.2% |
| Vietnam | 30.5 | 30.7 | 38.8 | 47.6 | 16.0% |
| Japan | 51.1 | 43.0 | 42.4 | 36.5 | -10.6% |
| Cambodia | 13.1 | 12.6 | 15.0 | 15.9 | 6.7% |
| United States | 16.9 | 18.5 | 9.1 | 14.0 | -6.1% |
| Malaysia | 11.6 | 10.4 | 11.4 | 12.2 | 1.7% |
| South Korea | 8.7 | 4.8 | 9.9 | 6.7 | -8.3% |
| Others | 94.8 | 83.8 | 57.0 | 59.5 | -14.4% |
| Total | 454 | 499 | 558 | 586 | 8.9% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Thailand in 2022:
- China (18.4K tons)
- Vietnam (2.0K tons)
- Japan (0.9K tons)
- Cambodia (0.4K tons)
- South Korea (0.4K tons)
- Malaysia (0.3K tons)
- United States (0.2K tons)
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand
In 2022, approx. 22K tons of insulated electric conductors for a voltage under 1000 v, fitted with connectors were exported from Thailand; picking up by 55% against the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $301M in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.9 | 50.4 | 129 | 130 | 144.4% |
| China | 43.5 | 49.5 | 42.5 | 40.5 | -2.4% |
| Japan | 32.2 | 28.9 | 31.0 | 31.6 | -0.6% |
| Cambodia | 5.2 | 7.3 | 9.6 | 11.1 | 28.8% |
| Malaysia | 7.9 | 11.4 | 13.0 | 8.0 | 0.4% |
| Lao People's Democratic Republic | 5.4 | 4.0 | 4.4 | 4.2 | -8.0% |
| Others | 38.6 | 53.6 | 59.9 | 75.2 | 24.9% |
| Total | 142 | 205 | 289 | 301 | 28.5% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Thailand in 2022:
- United States (16.6K tons)
- Cambodia (2.4K tons)
- Japan (0.9K tons)
- Malaysia (0.3K tons)
- China (0.3K tons)
- Lao People's Democratic Republic (0.2K tons)
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