Thailand: Aluminium Tube Market 2024

Aluminium Tube Market Size in Thailand

The Thai aluminium tube market reduced sharply to $X in 2022, with a decrease of -19.3% against the previous year. In general, consumption recorded a abrupt slump. Aluminium tube consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Thailand

In value terms, aluminium tube production reduced markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 165% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Aluminium Tube Exports

Exports from Thailand

In 2022, approx. X tons of aluminium tubes and pipes were exported from Thailand; dropping by -35.1% compared with 2021 figures. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aluminium tube exports contracted to $X in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aluminium tube exports from Thailand, accounting for a 56% share of total exports. Moreover, aluminium tube exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-14.8% per year) and Japan (+22.8% per year).

In value terms, the largest markets for aluminium tube exported from Thailand were the United States ($X), Poland ($X) and Japan ($X), together accounting for 74% of total exports.

Among the main countries of destination, Poland, with a CAGR of +192.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, growing by 39% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Australia ($X 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 Poland (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Thailand

In 2022, supplies from abroad of aluminium tubes and pipes decreased by -19.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 103%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, aluminium tube imports dropped dramatically to $X in 2022. Overall, imports, however, showed a notable expansion. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium tube to Thailand, accounting for a 89% share of total imports. Moreover, aluminium tube imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.4% per year) and Germany (+60.0% per year).

In value terms, China ($X) constituted the largest supplier of aluminium tubes and pipes to Thailand, comprising 80% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.5% per year) and Germany (+44.9% per year).

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, increasing by 3% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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