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Thailand - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights

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Sep 19, 2023

Price of Thailand's Winding Wire Plummets to $10.3 per kg Following Two Months of Contraction

Thailand Winding Wire Export Price in July 2023

In July 2023, the winding wire price amounted to $10,313 per ton (FOB, Thailand), declining by -4.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 8% month-to-month. The export price peaked at $11,623 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong ($11,375 per ton), while the average price for exports to Malaysia ($1,597 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Thailand Winding Wire Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Winding Wire in Thailand (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Hong Kong11,08310,6859,81710,24710,56910,66611,26112,26211,24911,49811,54510,70111,375
China12,31812,40711,98412,16612,11513,62116,00713,42113,06313,10211,79311,25511,333
Japan11,94811,80110,69211,09611,70212,22012,51812,42111,55912,10612,22511,96011,295
Philippines11,03410,3319,6719,63710,73310,26910,87410,65911,27610,93910,75710,44510,330
Vietnam11,33311,64910,25910,20610,49210,55511,00510,59611,03211,06010,9769,98810,097
Cambodia7,48610,0478,75810,0799,1489,0229,8088,2965,9785,7166,4836,3488,856
Malaysia5,7851,7752,2714,51010,4774,4364,0234,3792,3422,3662,8971,2561,597
Average11,18410,4359,73410,51511,19211,36511,59211,62310,96811,07211,52810,79910,313

Thailand Winding Wire Exports

After two months of growth, overseas shipments of winding wire for electrical purposes decreased by -10.7% to 2.3K tons in July 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 91% against the previous month.

In value terms, winding wire exports reduced to $24M (IndexBox estimates) in July 2023. Over the period under review, exports recorded a slight decline. The pace of growth appeared the most rapid in May 2023 when exports increased by 99% against the previous month.

Thailand Winding Wire Exports by Country

Japan (1.4K tons) was the main destination for winding wire exports from Thailand, with a 62% share of total exports. Moreover, winding wire exports to Japan exceeded the volume sent to the second major destination, Vietnam (214 tons), sevenfold. The third position in this ranking was held by Malaysia (195 tons), with an 8.4% share.

From July 2022 to July 2023, the average monthly growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (-1.4% per month) and Malaysia (+3.6% per month).

In value terms, Japan ($16M) remains the key foreign market for winding wire exports from Thailand, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($2.2M), with a 9% share of total exports. It was followed by Hong Kong, with a 4% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (-2.4% per month) and Hong Kong (-1.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the winding wire 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 27321100 - Winding wire for electrical purposes

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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