Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,986 per ton in January 2024, picking up by 4.4% against the previous month. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in August 2023 an increase of 7.2% m-o-m. The import price peaked at $2,219 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($3,424 per ton), while the price for China ($1,091 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 China (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,019 per ton, growing by 28% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel alloy wire of materials other than silico-manganese steels decreased by -5.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 67% against the previous year. Over the period under review, the average export prices reached the maximum at $1,079 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,755 per ton), while the average price for exports to Taiwan (Chinese) ($854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand
In 2022, approx. 74K tons of steel alloy wire of materials other than silico-manganese steels were imported into Thailand; with an increase of 41% compared with the previous year. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels expanded slightly to $99M 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 +8.0% 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 +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 45.2 | 33.6 | 57.9 | 47.1 | 1.4% |
| Russia | N/A | N/A | N/A | 18.3 | 0% |
| China | 12.8 | 10.3 | 10.9 | 12.1 | -1.9% |
| Taiwan (Chinese) | 7.5 | 6.5 | 11.0 | 5.5 | -9.8% |
| Indonesia | 2.8 | 2.5 | 4.0 | 4.0 | 12.6% |
| Vietnam | 1.7 | 0.9 | 3.4 | 3.4 | 26.0% |
| South Korea | 3.6 | 2.3 | 3.4 | 3.0 | -5.9% |
| Malaysia | 1.5 | 1.1 | 1.4 | 2.1 | 11.9% |
| Others | 3.1 | 2.8 | 4.1 | 3.1 | 0.0% |
| Total | 78.3 | 59.9 | 96.1 | 98.7 | 8.0% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Thailand in 2022:
- Russia (31.7K tons)
- Japan (21.3K tons)
- China (10.2K tons)
- Taiwan (Chinese) (3.8K tons)
- Vietnam (2.5K tons)
- Indonesia (1.3K tons)
- Malaysia (1.2K tons)
- South Korea (1.1K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand
Exports of steel alloy wire of materials other than silico-manganese steels from Thailand declined sharply to 40K tons in 2022, which is down by -49.7% against the previous year's figure. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 117% against the previous year. As a result, the exports reached the peak of 79K tons, and then dropped significantly in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels declined sharply to $40M in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 133% against the previous year. As a result, the exports attained the peak of $63M, and then fell significantly in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.6 | 9.2 | 36.4 | 18.3 | -3.9% |
| United Arab Emirates | 1.3 | 1.6 | 2.9 | 3.9 | 44.2% |
| Malaysia | 2.5 | 2.5 | 4.6 | 3.6 | 12.9% |
| Australia | 2.6 | 3.0 | 4.5 | 3.4 | 9.4% |
| India | N/A | N/A | 0.7 | 2.8 | 300.0% |
| United Kingdom | N/A | N/A | 3.5 | 2.2 | -37.1% |
| Myanmar | 0.6 | 0.9 | 2.2 | 1.5 | 35.7% |
| Colombia | 0.9 | 0.8 | 1.3 | 1.1 | 6.9% |
| Vietnam | 3.2 | 1.4 | 3.5 | 0.8 | -37.0% |
| South Korea | 5.0 | 6.0 | N/A | N/A | 20.0% |
| Others | 4.0 | 1.6 | 3.3 | 2.8 | -11.2% |
| Total | 40.7 | 27.0 | 62.8 | 40.4 | -0.2% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Thailand in 2022:
- Taiwan (Chinese) (21.4K tons)
- United Arab Emirates (3.6K tons)
- Malaysia (3.6K tons)
- Australia (2.7K tons)
- United Kingdom (1.7K tons)
- India (1.6K tons)
- Myanmar (1.4K tons)
- Colombia (1.0K tons)
- Vietnam (0.5K tons)
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