Thailand - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in Thailand - 2023
Contents:
- Non-Alloy Steel U-Section Price in Thailand (FOB) - 2023
- Non-Alloy Steel U-Section Price in Thailand (CIF) - 2022
- Non-Alloy Steel U-Section Exports in Thailand
- Non-Alloy Steel U-Section Imports in Thailand
Non-Alloy Steel U-Section Price in Thailand (FOB) - 2023
The average non-alloy steel u-section export price stood at $751 per ton in September 2023, increasing by 2.8% against the previous month. In general, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in November 2022 an increase of 9% month-to-month. Over the period under review, the average export prices attained the maximum at $946 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were New Zealand ($868 per ton) and China ($862 per ton), while the average price for exports to Malaysia ($664 per ton) and Cambodia ($684 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Alloy Steel U-Section Price in Thailand (CIF) - 2022
The average non-alloy steel u-section import price stood at $1,816 per ton in 2022, jumping by 17% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +92.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 66%. As a result, import price attained the peak level of $2,110 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,359 per ton), while the price for Saudi Arabia ($1,308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel U-Section Exports in Thailand
In 2022, the amount of u-sections of non-alloy steel exported from Thailand skyrocketed to 34K tons, increasing by 45% against 2021. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, non-alloy steel u-section exports soared to $31M in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 122%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Non-Alloy Steel U-Section in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 4.9 | 1.6 | 2.5 | 8.2 | 18.7% |
New Zealand | 2.1 | 2.0 | 7.7 | 5.3 | 36.2% |
Vietnam | 0.2 | 0.2 | 1.6 | 4.2 | 175.9% |
Singapore | 2.0 | 0.8 | 1.7 | 4.0 | 26.0% |
Indonesia | 1.0 | 1.1 | 0.6 | 2.2 | 30.1% |
Hong Kong SAR | 0.2 | 0.8 | 2.2 | 2.2 | 122.4% |
China | 0.3 | 0.9 | 0.9 | 1.5 | 71.0% |
United Arab Emirates | N/A | N/A | N/A | 0.7 | 0% |
Cambodia | 0.8 | 0.6 | 1.1 | 0.7 | -4.4% |
Others | 0.9 | 0.9 | 1.5 | 1.7 | 23.6% |
Total | 12.3 | 8.9 | 19.8 | 30.6 | 35.5% |
Top Export Markets for Non-Alloy Steel U-Section from Thailand in 2022:
- Malaysia (9.6K tons)
- New Zealand (5.2K tons)
- Vietnam (4.6K tons)
- Singapore (4.4K tons)
- Indonesia (2.7K tons)
- Hong Kong SAR (2.6K tons)
- China (1.7K tons)
- United Arab Emirates (0.9K tons)
- Cambodia (0.9K tons)
Non-Alloy Steel U-Section Imports in Thailand
In 2022, approx. 1.7K tons of u-sections of non-alloy steel were imported into Thailand; growing by 9.9% compared with the year before. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 559% against the previous year. As a result, imports attained the peak of 4.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, non-alloy steel u-section imports soared to $3M in 2022. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 360% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Non-Alloy Steel U-Section in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 75.0 | 292 | 684 | 918 | 130.5% |
China | 87.1 | 731 | 476 | 766 | 106.4% |
Turkey | 34.5 | 70.1 | 361 | 502 | 144.1% |
Japan | 346 | 2,124 | 570 | 289 | -5.8% |
Germany | 45.8 | 167 | 38.6 | 268 | 80.2% |
South Korea | 208 | 863 | 156 | 162 | -8.0% |
Saudi Arabia | N/A | 12.4 | N/A | 48.5 | 97.8% |
Others | 144 | 60.0 | 76.0 | 88.4 | -15.0% |
Total | 940 | 4,320 | 2,361 | 3,041 | 47.9% |
Top Suppliers of Non-Alloy Steel U-Section to Thailand in 2022:
- China (524.4 tons)
- Turkey (357.4 tons)
- United States (273.4 tons)
- Japan (168.9 tons)
- Germany (145.2 tons)
- South Korea (107.0 tons)
- Saudi Arabia (37.1 tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 2030.
Product coverage:
- Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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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