Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand - 2024
Contents:
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (CIF) - 2024
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (FOB) - 2024
- Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand
- Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (CIF) - 2024
In March 2024, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $91.9 per unit, which is down by -3.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 16% month-to-month. The import price peaked at $106 per unit in June 2023; however, from July 2023 to March 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2023 to March 2024, the rate of growth in terms of prices for China amounted to -1.4% per month.
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (FOB) - 2024
The average export price for sanitary ware and parts thereof, of iron or steel stood at $123 per unit in March 2024, standing approximately at 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 December 2023 an increase of 8.1% m-o-m. Over the period under review, the average export prices hit record highs at $133 per unit in July 2023; however, from August 2023 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was the United Arab Emirates ($181 per unit), while the average price for exports to Lao People's Democratic Republic ($63.5 per unit) was amongst the lowest.
From May 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of sanitary ware and parts thereof, of iron or steel, when their volume decreased by -5.7% to 7M units. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 7.4M units, and then dropped in the following year.
In value terms, imports of sanitary ware and parts thereof, of iron or steel reduced modestly to $54M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39%. As a result, imports reached the peak of $54M, leveling off in the following year.
| Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.0 | 35.8 | 49.7 | 49.7 | 19.7% |
| Others | 4.5 | 2.8 | 4.1 | 4.0 | -3.9% |
| Total | 33.4 | 38.6 | 53.8 | 53.7 | 17.2% |
Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Thailand in 2022:
- China (6.9M units)
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand
In 2022, overseas shipments of sanitary ware and parts thereof, of iron or steel decreased by -10.7% to 4.1M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 24%. The exports peaked at 4.6M units in 2021, and then shrank in the following year.
In value terms, exports of sanitary ware and parts thereof, of iron or steel dropped modestly to $40M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. The exports peaked at $42M in 2021, and then shrank slightly in the following year.
| Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.3 | 20.7 | 31.3 | 30.7 | 35.6% |
| Australia | 3.2 | 3.9 | 4.1 | 3.1 | -1.1% |
| Lao People's Democratic Republic | 0.8 | 0.8 | 1.0 | 1.6 | 26.0% |
| Myanmar | 1.8 | 1.6 | 0.9 | 1.0 | -17.8% |
| Cambodia | 0.9 | 0.7 | 0.7 | 0.7 | -8.0% |
| Others | 4.5 | 3.6 | 3.7 | 3.3 | -9.8% |
| Total | 23.5 | 31.4 | 41.8 | 40.3 | 19.7% |
Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Thailand in 2022:
- United States (3131.3K units)
- Australia (257.4K units)
- Lao People's Democratic Republic (219.5K units)
- Myanmar (184.3K units)
- Cambodia (61.0K units)
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