Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand - 2024
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (CIF) - 2024
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (CIF) - 2024
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $6,478 per ton in January 2024, picking up by 72% against the previous month. Over the period under review, the import price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 82% against the previous month. As a result, import price attained the peak level of $9,976 per ton. From November 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($21,383 per ton), while the price for Singapore ($3,674 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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $3,010 per ton in 2022, shrinking by -31.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 52% against the previous year. The export price peaked at $4,394 per ton in 2021, and then shrank dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($19,940 per ton), while the average price for exports to Lao People's Democratic Republic ($1,829 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 Myanmar (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand
In 2022, purchases abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia was finally on the rise to reach 4.3K tons after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $37M in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.1 | N/A | N/A | 10.4 | 370.3% |
| China | 6.8 | 7.5 | 8.1 | 9.6 | 12.2% |
| Spain | 5.6 | 1.4 | 3.8 | 3.3 | -16.2% |
| Japan | 8.8 | 4.7 | 1.9 | 2.7 | -32.6% |
| South Korea | 0.6 | 0.8 | 2.6 | 2.5 | 60.9% |
| Italy | 0.5 | 0.1 | 1.7 | 1.1 | 30.1% |
| France | 3.6 | 0.5 | 0.2 | 1.1 | -32.6% |
| Germany | 2.7 | 1.2 | 1.0 | 1.1 | -25.9% |
| Others | 2.0 | 1.6 | 1.8 | 5.1 | 36.6% |
| Total | 30.7 | 17.8 | 21.1 | 36.8 | 6.2% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Thailand in 2022:
- China (1664.6 tons)
- India (1542.2 tons)
- Spain (287.0 tons)
- Japan (220.9 tons)
- South Korea (174.2 tons)
- Italy (148.2 tons)
- France (144.7 tons)
- Germany (16.8 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand
In 2022, overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -29.6% to 311 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, the exports attained the peak of 470 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia reduced rapidly to $937K in 2022. Overall, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 134%. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 318 | 516 | 542 | 374 | 5.6% |
| Lao People's Democratic Republic | 354 | 1,175 | 834 | 263 | -9.4% |
| Japan | 142 | 74.3 | 44.0 | 168 | 5.8% |
| Vietnam | 3.9 | 40.5 | 420 | 1.0 | -36.5% |
| Estonia | N/A | 76.3 | N/A | N/A | 0% |
| Others | 62.2 | 175 | 102 | 131 | 28.2% |
| Total | 880 | 2,058 | 1,941 | 937 | 2.1% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Thailand in 2022:
- Myanmar (149.8 tons)
- Lao People's Democratic Republic (144.1 tons)
- Japan (8.4 tons)
- Vietnam (0.1 tons)
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