Thailand - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Thailand - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Thailand (CIF) - 2024
- Price for Hot-Rolled Wire Rod in Coils in Thailand (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Thailand
- Exports of Hot-Rolled Wire Rod in Coils in Thailand
Price for Hot-Rolled Wire Rod in Coils in Thailand (CIF) - 2024
In January 2024, the average import price for hot-rolled wire rods in coils amounted to $757 per ton, rising by 1.9% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 15% m-o-m. The import price peaked at $908 per ton in March 2023; however, from April 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,644 per ton), while the price for Malaysia ($552 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Thailand (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $933 per ton in 2022, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($1,118 per ton) and Taiwan (Chinese) ($1,105 per ton), while the average price for exports to Malaysia ($769 per ton) and Lao People's Democratic Republic ($849 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Thailand
In 2022, after three years of growth, there was significant decline in overseas purchases of hot-rolled wire rods in coils, when their volume decreased by -6.1% to 626K tons. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports attained the peak of 667K tons, and then reduced in the following year.
In value terms, hot-rolled wire rod in coils imports amounted to $689M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +61.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Hot-Rolled Wire Rod in Coils in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.9 | 55.7 | 127 | 142 | 46.8% |
| Japan | 130 | 90.9 | 150 | 140 | 2.5% |
| Vietnam | 53.8 | 66.3 | 92.1 | 95.3 | 21.0% |
| Malaysia | 67.1 | 75.5 | 117 | 92.3 | 11.2% |
| Taiwan (Chinese) | 78.4 | 65.9 | 92.1 | 87.6 | 3.8% |
| Indonesia | 2.6 | 2.6 | 17.0 | 61.4 | 186.9% |
| South Korea | 45.3 | 59.1 | 46.9 | 49.1 | 2.7% |
| Others | 15.0 | 12.1 | 33.0 | 22.3 | 14.1% |
| Total | 437 | 428 | 676 | 689 | 16.4% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Thailand in 2022:
- Malaysia (127.5K tons)
- Vietnam (117.7K tons)
- China (103.6K tons)
- Japan (91.8K tons)
- Indonesia (80.9K tons)
- Taiwan (Chinese) (44.3K tons)
- South Korea (39.5K tons)
Exports of Hot-Rolled Wire Rod in Coils in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of hot-rolled wire rods in coils, which increased by 27% to 37K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports soared to $35M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 8.4 | 9.5 | 17.9 | 15.5 | 22.7% |
| Vietnam | 1.0 | 1.0 | 2.0 | 8.7 | 105.7% |
| Malaysia | 0.3 | 1.2 | 1.9 | 5.1 | 157.1% |
| Taiwan (Chinese) | 0.3 | N/A | 0.4 | 3.5 | 126.8% |
| Myanmar | 0.8 | 0.5 | 0.2 | 0.4 | -20.6% |
| Lao People's Democratic Republic | 1.9 | 0.6 | 0.2 | 0.2 | -52.8% |
| Cambodia | 0.9 | 0.7 | 0.3 | 0.2 | -39.4% |
| Others | 0.8 | 1.2 | 0.9 | 1.2 | 14.5% |
| Total | 14.3 | 14.8 | 23.8 | 34.8 | 34.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Thailand in 2022:
- Indonesia (16.9K tons)
- Vietnam (9.2K tons)
- Malaysia (6.6K tons)
- Taiwan (Chinese) (3.2K tons)
- Myanmar (0.4K tons)
- Lao People's Democratic Republic (0.2K tons)
- Cambodia (0.2K tons)
This report provides an in-depth analysis of the hot-rolled wire rod 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
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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