Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand - 2024

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (FOB) - 2024
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (CIF) - 2024
3. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand
4. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (FOB) - 2024

In November 2023, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,204 per ton, rising by 4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 7% m-o-m. The export price peaked at $3,319 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was South Korea ($3,433 per ton), while the average price for exports to Japan stood at $3,198 per ton.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.6%), while the prices for the other major destinations experienced a decline.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand (CIF) - 2024

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,356 per ton in November 2023, dropping by -9.1% against the previous month. Overall, the import price saw a perceptible decrease. The pace of growth was the most pronounced in October 2023 an increase of 19% against the previous month. Over the period under review, average import prices attained the peak figure at $4,738 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($6,560 per ton), while the price for Malaysia ($2,957 per ton) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which increased by 20% to 2K tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $7.1M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 112%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Thailand in 2022:

1. Japan (1427.3 tons)
2. South Korea (336.0 tons)
3. Vietnam (264.6 tons)

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Thailand

In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Thailand soared to 1.4K tons, surging by 44% compared with 2021. In general, imports saw 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 aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $7M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Thailand in 2022:

1. United Kingdom (507.1 tons)
2. India (278.3 tons)
3. Bahrain (168.2 tons)
4. Netherlands (149.2 tons)
5. South Korea (135.5 tons)
6. China (85.2 tons)
7. Spain (24.2 tons)
8. United States (9.2 tons)

Source: IndexBox Market Intelligence Platform