Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand - 2024
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (CIF) - 2024
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (FOB) - 2024
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (CIF) - 2024
In November 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,876 per ton, falling by -9.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 8.6% against the previous month. Over the period under review, average import prices attained the peak figure at $4,749 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,980 per ton), while the price for China ($2,137 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 Malaysia (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (FOB) - 2024
In November 2023, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,570 per ton, picking up by 2% against the previous month. Overall, export price indicated slight growth from January 2023 to November 2023: its price increased at an average monthly rate of +1.3% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for stainless steel bars and rods, angles, shapes and sectionses increased by +30.6% against June 2023 indices. The pace of growth was the most pronounced in March 2023 when the average export price increased by 55% month-to-month. The export price peaked at $5,610 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($7,559 per ton), while the average price for exports to Taiwan (Chinese) ($1,117 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand
After three years of growth, supplies from abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -3.1% to 41K tons in 2022. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 43K tons, and then dropped slightly in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses amounted to $178M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +41.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 66.7 | 72.6 | 104 | 91.1 | 11.0% |
| China | 12.9 | 12.5 | 19.4 | 22.7 | 20.7% |
| South Korea | 7.3 | 6.2 | 7.1 | 10.6 | 13.2% |
| Taiwan (Chinese) | 6.4 | 4.0 | 5.5 | 9.5 | 14.1% |
| India | 8.4 | 6.3 | 5.5 | 7.0 | -5.9% |
| Vietnam | 4.2 | 5.5 | 7.6 | 6.8 | 17.4% |
| Italy | 4.9 | 3.9 | 4.5 | 5.7 | 5.2% |
| Malaysia | 6.2 | 5.7 | 8.6 | 5.5 | -3.9% |
| Others | 9.2 | 8.8 | 11.8 | 19.1 | 27.6% |
| Total | 126 | 125 | 174 | 178 | 12.2% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Thailand in 2022:
- Japan (19.7K tons)
- China (9.1K tons)
- South Korea (3.3K tons)
- India (2.0K tons)
- Taiwan (Chinese) (1.9K tons)
- Vietnam (1.5K tons)
- Malaysia (1.1K tons)
- Italy (0.9K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand
In 2022, after three years of growth, there was significant decline in shipments abroad of stainless steel bars and rods, angles, shapes and sectionses, when their volume decreased by -32% to 3.1K tons. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 72%.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses dropped significantly to $11M in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of $14M, and then contracted remarkably in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.3 | 1.7 | 4.3 | 2.5 | 2.8% |
| Malaysia | 1.2 | 1.1 | 2.0 | 2.3 | 24.2% |
| Indonesia | 0.9 | 0.7 | 1.1 | 1.1 | 6.9% |
| Myanmar | N/A | 0.9 | 1.0 | 1.0 | 5.4% |
| Singapore | 0.7 | 0.6 | 0.7 | 0.8 | 4.6% |
| Cambodia | 1.2 | 0.6 | 1.1 | 0.7 | -16.4% |
| Lao People's Democratic Republic | 0.5 | 1.2 | 0.9 | 0.3 | -15.7% |
| Others | 0.8 | 1.0 | 2.7 | 2.1 | 37.9% |
| Total | 7.6 | 7.8 | 13.7 | 10.7 | 12.1% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Thailand in 2022:
- Cambodia (696.1 tons)
- Myanmar (536.9 tons)
- Malaysia (480.3 tons)
- Japan (379.5 tons)
- Indonesia (327.0 tons)
- Lao People's Democratic Republic (159.1 tons)
- Singapore (144.1 tons)
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