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Thailand - Aluminum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Aluminum - Market Analysis, Forecast, Size, Trends And Insights

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Oct 6, 2023

Thai Aluminum Price Declines Slightly to $2,513/ton, Ending Four Months of Contraction

Thailand Aluminum Import Price in July 2023

In July 2023, the aluminum price stood at $2,513 per ton, therefore (CIF, Thailand), remained relatively stable against the previous month. Overall, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in January 2023 an increase of 5.5% against the previous month. The import price peaked at $2,925 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Qatar ($2,555 per ton) and Malaysia ($2,553 per ton), while the price for South Africa ($2,416 per ton) and India ($2,416 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%), while the prices for the other major suppliers experienced a decline.

Thailand Aluminum Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Aluminum in Thailand (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Qatar2,7922,8292,7322,8492,6182,6452,8422,6442,8362,6352,5852,6322,555
Malaysia2,7652,7442,5842,5202,4922,8042,8572,6302,6472,6072,6032,5932,553
United Arab Emirates3,0072,9102,7582,5892,7472,6892,8142,6632,6732,6242,5942,5142,537
Australia3,0992,9792,6522,5442,5592,6462,7152,6692,6852,5772,6232,5742,514
Russia3,1042,8302,5202,4662,6702,4522,5382,4942,4992,3962,4742,3802,514
South Africa2,7622,6762,5552,4292,3282,3352,7482,5642,7012,5992,4482,4752,416
India2,6942,6372,5012,4182,4672,4922,6572,3992,5482,4922,5232,5272,416
Average2,9252,8192,6282,5512,5582,6042,7482,5942,6822,6072,5682,5512,513

Thailand Aluminum Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In July 2023, the product with the highest price was unwrought aluminium alloys ($2,581 per ton), while the price for aluminum (unwrought, not alloyed) totaled $2,450 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by unwrought aluminium alloys (-1.2%).

Thailand Aluminum Imports

In July 2023, supplies from abroad of aluminum increased by 4% to 51K tons, rising for the third month in a row after three months of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 37% month-to-month.

In value terms, aluminum imports expanded to $128M (IndexBox estimates) in July 2023. In general, imports, however, showed a pronounced reduction. The pace of growth was the most pronounced in May 2023 with an increase of 35% month-to-month.

Thailand Aluminum Imports by Type

Aluminum (unwrought, not alloyed) (26K tons) and unwrought aluminium alloys (25K tons) were the main products of aluminum imports to Thailand.

From July 2022 to July 2023, the biggest increases were in unwrought aluminium alloys (with a CAGR of +1.1%).

In value terms, aluminum (unwrought, not alloyed) ($65M) and unwrought aluminium alloys ($64M) appeared to be the most imported types of aluminum in Thailand.

Thailand Aluminum Imports by Country

The United Arab Emirates (8.5K tons), Australia (7.9K tons) and India (6.8K tons) were the main suppliers of aluminum imports to Thailand, together comprising 46% of total imports. Russia, Malaysia, Qatar, Saudi Arabia, South Africa and Bahrain lagged somewhat behind, together comprising a further 48%.

From July 2022 to July 2023, the biggest increases were in Russia (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($22M), Australia ($20M) and India ($16M) were the largest aluminum suppliers to Thailand, together accounting for 45% of total imports. Malaysia, Russia, Qatar, Saudi Arabia, South Africa and Bahrain lagged somewhat behind, together accounting for a further 49%.

In terms of the main suppliers, Russia, with a CAGR of +5.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminum 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
  • Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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