Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,139 per ton, stabilizing at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 5.7% m-o-m. Over the period under review, average import prices reached the peak figure at $1,167 per ton in November 2023; however, from December 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($3,564 per ton), while the price for China ($1,080 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $962 per ton, which is down by -8.3% against the previous month. Over the period under review, the export price recorded a slight decline. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 57% m-o-m. As a result, the export price attained the peak level of $1,690 per ton. From August 2023 to January 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($1,211 per ton), while the average price for exports to China ($430 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, which increased by 3.6% to 117K tons in 2022. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded notably to $167M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +71.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.3 | 50.3 | 80.7 | 113 | 25.4% |
| Malaysia | 35.4 | 18.5 | 16.9 | 22.9 | -13.5% |
| Vietnam | 9.7 | 10.4 | 15.9 | 13.0 | 10.3% |
| South Korea | 0.6 | 7.4 | 12.4 | 9.3 | 149.3% |
| Japan | 2.4 | 2.6 | 8.1 | 7.5 | 46.2% |
| Hong Kong SAR | N/A | 7.0 | 13.1 | N/A | 87.1% |
| Others | 1.6 | 1.3 | 0.9 | 1.1 | -11.7% |
| Total | 107 | 97.4 | 148 | 167 | 16.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Thailand in 2022:
- China (82.2K tons)
- Malaysia (14.9K tons)
- Vietnam (9.5K tons)
- South Korea (5.8K tons)
- Japan (4.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand
After three years of growth, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -26.3% to 12K tons in 2022. Over the period under review, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses declined remarkably to $14M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, the exports reached the peak of $18M, and then declined remarkably in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.9 | 1.3 | 3.3 | 3.1 | 51.0% |
| Sri Lanka | 1.4 | 1.5 | 3.1 | 2.4 | 19.7% |
| Indonesia | 1.4 | 1.4 | 2.5 | 2.0 | 12.6% |
| United States | N/A | N/A | 3.0 | 1.3 | -56.7% |
| Czech Republic | 1.8 | 2.8 | 0.1 | 1.1 | -15.1% |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.9 | 1.1 | 122.4% |
| China | 0.2 | N/A | 1.0 | 0.7 | 51.8% |
| United Arab Emirates | 0.5 | 0.5 | 0.5 | 0.6 | 6.3% |
| India | 3.8 | 4.3 | 1.0 | 0.4 | -52.8% |
| Vietnam | 0.8 | 0.7 | 0.8 | 0.4 | -20.6% |
| Bangladesh | 1.5 | 1.4 | N/A | N/A | -6.7% |
| South Korea | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 0.5 | 0.4 | 1.2 | 1.0 | 26.0% |
| Total | 13.1 | 14.9 | 17.7 | 14.2 | 2.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Thailand in 2022:
- Malaysia (2360.0 tons)
- Sri Lanka (1857.2 tons)
- Indonesia (1692.9 tons)
- China (1242.9 tons)
- United States (981.8 tons)
- Czech Republic (882.1 tons)
- Taiwan (Chinese) (809.8 tons)
- United Arab Emirates (406.5 tons)
- India (328.3 tons)
- Vietnam (283.7 tons)
- South Korea (88.6 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Thailand.
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This report provides an in-depth analysis of the market for iron and steel wire in Thailand.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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