Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $5,303 per ton, rising by 18% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 81% against the previous year. As a result, import price reached the peak level of $16,091 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($6,375 per ton) and Vietnam ($6,274 per ton), while the price for Japan ($4,901 per ton) and China ($6,187 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+53.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $13,673 per ton in 2022, rising by 259% against the previous year. In general, the export price posted a significant expansion. Over the period under review, the average export prices reached the maximum at $16,529 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($21,448 per ton), while the average price for exports to the Netherlands ($1,857 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 the UK (+131.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand
In 2022, approx. 5.9 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into Thailand; remaining stable against the previous year. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 115% against the previous year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $31K in 2022. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.5 | 15.3 | 25.0 | 20.8 | 10.3% |
| China | 0.3 | 0.4 | 1.6 | 7.9 | 197.5% |
| Vietnam | N/A | N/A | 0.1 | 2.1 | 2000.0% |
| United States | 164 | N/A | N/A | 0.1 | -91.5% |
| Others | 0.3 | 1.3 | N/A | 0.5 | 18.6% |
| Total | 181 | 17.0 | 26.6 | 31.3 | -44.3% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Thailand in 2022:
- Japan (4.2 tons)
- China (1.3 tons)
- Vietnam (0.3 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand
In 2022, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Thailand reduced sharply to 364 kg, shrinking by -98.1% compared with the previous year. Overall, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 327% against the previous year. As a result, the exports reached the peak of 19 tons, and then reduced sharply in the following year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted dramatically to $5K in 2022. Over the period under review, exports saw a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 450% against the previous year. As a result, the exports reached the peak of $74K, and then shrank remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.3 | 1.5 | 0.1 | 2.1 | 91.3% |
| Taiwan (Chinese) | N/A | 0.1 | N/A | 1.2 | 246.4% |
| Germany | N/A | 1.8 | 0.1 | 0.9 | -29.3% |
| United Kingdom | N/A | 0.2 | N/A | 0.6 | 73.2% |
| Netherlands | N/A | 0.5 | 0.9 | 0.1 | -55.3% |
| Hong Kong SAR | N/A | 1.1 | 10.6 | N/A | 863.6% |
| New Zealand | N/A | 1.4 | 1.9 | N/A | 35.7% |
| Australia | 3.2 | 1.0 | 4.1 | N/A | 13.2% |
| India | N/A | 1.5 | N/A | N/A | 0% |
| Egypt | N/A | N/A | 5.2 | N/A | 0% |
| Lao People's Democratic Republic | 6.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 0.6 | 7.7 | N/A | 1183.3% |
| Canada | N/A | N/A | 2.8 | N/A | 0% |
| Others | 2.9 | 3.9 | 40.9 | 0.1 | -67.5% |
| Total | 12.3 | 13.5 | 74.3 | 5.0 | -25.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Thailand in 2022:
- Japan (131.0 kg)
- Taiwan (Chinese) (91.0 kg)
- Germany (71.0 kg)
- Netherlands (35.0 kg)
- United Kingdom (29.0 kg)
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