Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand - 2024
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (CIF) - 2024
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (CIF) - 2024
In January 2024, the average import price for steel, alloy amounted to $2,259 per ton, rising by 97% against the previous month. In general, import price indicated mild growth from February 2023 to January 2024: its price increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for steel, alloy increased by +96.6% against December 2023 indices. Over the period under review, average import prices attained the maximum at $2,894 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 Japan ($4,466 per ton), while the price for China ($1,475 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (FOB) - 2022
The average export price for steel, alloy stood at $536 per ton in 2022, shrinking by -2.1% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 64%. The export price peaked at $2,251 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($652 per ton), while the average price for exports to Vietnam ($116 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 India (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand
After three years of growth, overseas purchases of steel, alloy decreased by -23.1% to 3.2K tons in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 145%. As a result, imports reached the peak of 4.2K tons, and then shrank rapidly in the following year.
In value terms, imports of steel, alloy fell slightly to $7.9M in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of $8.2M, and then shrank modestly in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 337 | 752 | 3,184 | 3,612 | 120.5% |
| Japan | 1,034 | 916 | 1,872 | 2,496 | 34.1% |
| China | 112 | 915 | 1,868 | 1,239 | 122.8% |
| India | N/A | N/A | 117 | 416 | 255.6% |
| South Korea | 435 | 59.5 | 489 | 97.2 | -39.3% |
| Russia | 98.9 | N/A | 245 | N/A | 57.4% |
| United States | 62.0 | 313 | 143 | N/A | 51.9% |
| France | 345 | 32.5 | N/A | N/A | -90.6% |
| Others | 72.7 | 173 | 309 | 0.5 | -81.0% |
| Total | 2,497 | 3,161 | 8,228 | 7,860 | 46.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Thailand in 2022:
- Taiwan (Chinese) (1881.4 tons)
- Japan (644.7 tons)
- China (438.8 tons)
- India (202.2 tons)
- South Korea (41.2 tons)
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand
In 2022, approx. 3.4K tons of steel, alloy were exported from Thailand; jumping by 299% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 460%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, alloy soared to $1.8M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 424% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 138 | 327 | 1,649 | 245.7% |
| Vietnam | N/A | 6.9 | 110 | 81.8 | 244.3% |
| Japan | 3.9 | N/A | 0.5 | 36.0 | 109.8% |
| Others | 30.8 | 36.9 | 32.7 | 67.8 | 30.1% |
| Total | 34.7 | 182 | 470 | 1,835 | 275.3% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Thailand in 2022:
- China (2530.8 tons)
- Vietnam (704.9 tons)
- Japan (142.8 tons)
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