Price for Steel Alloy Wire of Silico-Manganese Steel in Thailand - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Thailand (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Thailand (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Thailand
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Thailand
Price for Steel Alloy Wire of Silico-Manganese Steel in Thailand (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,061 per ton in March 2024, growing by 13% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 16% against the previous month. As a result, import price attained the peak level of $1,200 per ton. From May 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was Malaysia ($1,209 per ton), while the price for China totaled $966 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+0.2%).
Price for Steel Alloy Wire of Silico-Manganese Steel in Thailand (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $1,664 per ton in 2022, rising by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. As a result, the export price attained the peak level of $1,709 per ton; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($2,365 per ton), while the average price for exports to Malaysia ($1,479 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 Mexico (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Thailand
In 2022, the amount of steel alloy wire of silico-manganese steels imported into Thailand reduced to 9.8K tons, dropping by -10.9% on 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +27.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of 11K tons, and then shrank in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels fell to $12M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports reached the peak of $13M, and then fell in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 4.8 | 10.9 | 9.3 | 20.6% |
| Malaysia | 2.0 | 1.8 | 1.8 | 1.7 | -5.3% |
| Vietnam | 1.2 | 0.5 | 0.5 | 0.5 | -25.3% |
| Others | 0.5 | 0.4 | 0.2 | 0.2 | -26.3% |
| Total | 9.0 | 7.5 | 13.3 | 11.7 | 9.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Thailand in 2022:
- China (8.1K tons)
- Malaysia (1.2K tons)
- Vietnam (0.4K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Thailand
In 2022, the amount of steel alloy wire of silico-manganese steels exported from Thailand surged to 5.5K tons, increasing by 22% against the year before. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year.
In value terms, exports of steel alloy wire of silico-manganese steels skyrocketed to $9.2M in 2022. Overall, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.6 | 1.2 | 4.1 | 6.6 | 0.0% |
| United States | 1.5 | 1.0 | 0.8 | 0.9 | -15.7% |
| Vietnam | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Singapore | 0.5 | 0.3 | 0.5 | 0.3 | -15.7% |
| Malaysia | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Philippines | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Mexico | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Total | 10.0 | 3.7 | 6.8 | 9.2 | -2.7% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Thailand in 2022:
- Indonesia (3996.2 tons)
- United States (577.2 tons)
- Vietnam (270.2 tons)
- Malaysia (228.0 tons)
- Mexico (144.0 tons)
- Singapore (140.6 tons)
- Philippines (111.6 tons)
666
This report provides an in-depth analysis of the market for iron and steel wire in Thailand.
558
This report provides an in-depth analysis of the market for iron and steel wire in Thailand.
1993
This report provides an in-depth analysis of the global market for iron and steel wire.
608
This report provides an in-depth analysis of the global market for iron and steel wire.
871
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1538
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1072
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1268
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
700
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
964
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3577
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
786
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
308
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
267
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
