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Thailand - Sanitary Ware And Parts Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Sanitary Ware in Thailand - 2023
Contents:
- Price for Iron or Steel Sanitary Ware in Thailand (CIF) - 2023
- Price for Iron or Steel Sanitary Ware in Thailand (FOB) - 2023
- Imports of Iron or Steel Sanitary Ware in Thailand
- Exports of Iron or Steel Sanitary Ware in Thailand
Price for Iron or Steel Sanitary Ware in Thailand (CIF) - 2023
In September 2023, the average import price for sanitary ware and parts of iron or steel amounted to $2.3 per unit, dropping by -2.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 19% month-to-month. As a result, import price attained the peak level of $3.1 per unit. From March 2023 to September 2023, the average 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 China ($2.3 per unit), while the price for Malaysia totaled $1.1 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Iron or Steel Sanitary Ware in Thailand (FOB) - 2023
In September 2023, the average export price for sanitary ware and parts of iron or steel amounted to $2.9 per unit, with an increase of 7.6% against the previous month. In general, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in November 2022 an increase of 20% against the previous month. The export price peaked at $4.5 per unit in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat 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 India ($7.0 per unit), while the average price for exports to Lao People's Democratic Republic ($1.5 per unit) 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 Myanmar (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Sanitary Ware in Thailand
In 2022, overseas purchases of sanitary ware and parts of iron or steel decreased by -5.8% to 11M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.7% 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 +84.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. Over the period under review, imports reached the maximum at 12M units in 2021, and then reduced in the following year.
In value terms, iron or steel sanitary ware imports amounted to $26M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Iron or Steel Sanitary Ware in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.6 | 16.1 | 22.5 | 23.0 | 16.4% |
Others | 2.9 | 1.6 | 2.8 | 2.7 | -2.4% |
Total | 17.5 | 17.7 | 25.3 | 25.7 | 13.7% |
Top Suppliers of Iron or Steel Sanitary Ware to Thailand in 2022:
- China (10.9M units)
Exports of Iron or Steel Sanitary Ware in Thailand
In 2022, iron or steel sanitary ware exports from Thailand surged to 3.6M units, growing by 61% on the year before. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 114%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, iron or steel sanitary ware exports skyrocketed to $11M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Iron or Steel Sanitary Ware in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 265 | 2,502 | 4,832 | 8,418 | 216.7% |
Myanmar | 293 | 639 | 265 | 429 | 13.6% |
Cambodia | 452 | 434 | 413 | 375 | -6.0% |
Lao People's Democratic Republic | 254 | 251 | 237 | 316 | 7.6% |
Germany | 763 | 447 | 313 | 242 | -31.8% |
Australia | 193 | 16.9 | 16.4 | 2.7 | -75.9% |
Others | 1,917 | 1,060 | 1,062 | 1,476 | -8.3% |
Total | 4,137 | 5,350 | 7,138 | 11,259 | 39.6% |
Top Export Markets for Iron or Steel Sanitary Ware from Thailand in 2022:
- United States (2539.9K units)
- Myanmar (394.1K units)
- Lao People's Democratic Republic (201.1K units)
- Cambodia (113.7K units)
- Germany (39.6K units)
- Australia (6.4K units)
This report provides an in-depth analysis of the market for iron or steel sanitary ware 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 25991131 - Sanitary ware and parts of sanitary ware of iron or 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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