Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,164 per ton, shrinking by -16.2% against the previous month. In general, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in July 2023 an increase of 23% month-to-month. As a result, import price reached the peak level of $1,619 per ton. From August 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 Japan ($2,406 per ton), while the price for China ($772 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 Vietnam (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $805 per ton, shrinking by -6.4% against the previous month. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in April 2023 an increase of 6.8% month-to-month. As a result, the export price attained the peak level of $1,065 per ton. From May 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Pakistan ($1,751 per ton), while the average price for exports to Myanmar ($646 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand
Imports of iron or non-alloy steel wire, not plated or coateds into Thailand dropped markedly to 26K tons in 2022, waning by -15.8% on 2021. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined to $40M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. As a result, imports attained the peak of $46M, and then fell in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.6 | 10.9 | 16.8 | 14.9 | 0.7% |
| China | 12.0 | 12.9 | 15.6 | 11.7 | -0.8% |
| South Korea | 3.4 | 3.1 | 4.9 | 4.4 | 9.0% |
| Vietnam | 2.6 | 2.2 | 4.2 | 3.4 | 9.4% |
| Taiwan (Chinese) | 1.9 | 1.9 | 1.5 | 1.2 | -14.2% |
| India | N/A | N/A | N/A | 1.1 | 0% |
| Malaysia | 0.4 | 0.8 | 0.2 | N/A | -29.3% |
| Others | 3.0 | 1.8 | 2.9 | 3.1 | 1.1% |
| Total | 38.0 | 33.6 | 46.1 | 39.8 | 1.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Thailand in 2022:
- China (10.6K tons)
- Japan (6.5K tons)
- Vietnam (3.8K tons)
- South Korea (2.3K tons)
- India (1.1K tons)
- Taiwan (Chinese) (0.8K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand
For the third year in a row, Thailand recorded decline in overseas shipments of iron or non-alloy steel wire, not plated or coateds, which decreased by -3.6% to 24K tons in 2022. Overall, exports recorded a abrupt downturn.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds stood at $31M in 2022. In general, exports saw a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 17%.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.7 | 3.1 | 3.7 | 5.7 | 15.5% |
| Malaysia | 3.5 | 2.5 | 3.3 | 3.7 | 1.9% |
| Portugal | 1.0 | 1.8 | 2.9 | 3.5 | 51.8% |
| Myanmar | 1.3 | 1.0 | 1.5 | 3.1 | 33.6% |
| Morocco | 0.6 | 0.7 | 1.5 | 2.8 | 67.1% |
| Lao People's Democratic Republic | 3.1 | 2.5 | 2.2 | 2.2 | -10.8% |
| Vietnam | 1.9 | 2.3 | 1.9 | 1.6 | -5.6% |
| France | 0.2 | 0.2 | 2.0 | 1.3 | 86.6% |
| Japan | 1.6 | 1.7 | 1.6 | 1.2 | -9.1% |
| Singapore | 0.8 | 0.8 | 1.0 | 0.9 | 4.0% |
| Pakistan | 0.1 | N/A | 0.7 | 0.8 | 100.0% |
| Philippines | 0.3 | 0.3 | 0.2 | 0.5 | 18.6% |
| Cambodia | 2.4 | 1.8 | 0.9 | 0.5 | -40.7% |
| Others | 11.6 | 6.0 | 5.4 | 3.1 | -35.6% |
| Total | 32.1 | 24.7 | 28.9 | 30.9 | -1.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Thailand in 2022:
- Australia (4.8K tons)
- Myanmar (3.2K tons)
- Portugal (3.1K tons)
- Morocco (2.8K tons)
- Malaysia (2.5K tons)
- Lao People's Democratic Republic (1.9K tons)
- France (1.0K tons)
- Vietnam (0.7K tons)
- Singapore (0.6K tons)
- Pakistan (0.5K tons)
- Philippines (0.5K tons)
- Cambodia (0.5K tons)
- Japan (0.4K tons)
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