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Thailand - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights
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Iron Ore Market Size in Thailand
In 2019, the Thai iron ore market decreased by -X% to $X, falling for the fifth consecutive year after five years of growth. Over the period under review, consumption saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
Iron Ore Production in Thailand
In value terms, iron ore production expanded modestly to $X in 2019 estimated in export prices. Over the period under review, production faced a abrupt slump. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.
Iron Ore Exports
Exports from Thailand
In 2019, iron ore exports from Thailand fell to X tons, waning by -X% on the previous year's figure. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2019, exports failed to regain the momentum.
In value terms, iron ore exports reached $X in 2019. Overall, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.
Exports by Country
China (X tons) was the main destination for iron ore exports from Thailand, accounting for a X% share of total exports. Moreover, iron ore exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.
From 2007 to 2019, the average annual growth rate of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Singapore (-X% per year).
In value terms, China ($X) remains the key foreign market for iron ore exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Singapore (-X% per year).
Export Prices by Country
The average iron ore export price stood at $X per ton in 2019, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced a decline.
Iron Ore Imports
Imports into Thailand
In 2019, the amount of iron ores imported into Thailand reduced dramatically to X tons, declining by -X% against the previous year's figure. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2019, imports remained at a lower figure.
In value terms, iron ore imports plummeted to $X in 2019. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.
Imports by Country
Lao People's Democratic Republic (X tons), Turkey (X tons) and France (X tons) were the main suppliers of iron ore imports to Thailand, with a combined X% share of total imports. Sweden, the Netherlands, Japan and Myanmar lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Japan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.
In value terms, France ($X), Turkey ($X) and Japan ($X) appeared to be the largest iron ore suppliers to Thailand, together comprising X% of total imports.
Among the main suppliers, Japan recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2019, the average iron ore import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the iron ore market 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 2025.
Product coverage:
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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