Thailand: Barbed Wire Market 2024

Barbed Wire Market Size in Thailand

In 2021, the Thai barbed wire market decreased by -13.6% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Barbed Wire Production in Thailand

In value terms, barbed wire production rose notably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Barbed Wire Exports

Exports from Thailand

In 2021, the amount of barbed wire and entanglements exported from Thailand skyrocketed to X tons, increasing by 67% on 2020. Over the period under review, exports showed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, barbed wire exports skyrocketed to $X in 2021. Overall, exports enjoyed a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 85% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for barbed wire exports from Thailand, accounting for a 66% share of total exports. Moreover, barbed wire exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. Myanmar (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-9.6% per year) and Myanmar (+134.3% per year).

In value terms, Japan ($X) emerged as the key foreign market for barbed wire and entanglements exports from Thailand, comprising 67% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 25% share of total exports. It was followed by Myanmar, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-8.5% per year) and Myanmar (+124.9% per year).

Export Prices by Country

In 2021, the average barbed wire export price amounted to $X per ton, growing by 9.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Cambodia ($X per ton) and Japan ($X per ton), while the average price for exports to Myanmar ($X per ton) and Lao People's Democratic Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Barbed Wire Imports

Imports into Thailand

In 2021, the amount of barbed wire and entanglements imported into Thailand surged to X tons, with an increase of 28% against 2020. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of 156% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, barbed wire imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 185% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of barbed wire to Thailand, accounting for a 91% share of total imports. Moreover, barbed wire imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +25.1%.

In value terms, China ($X) constituted the largest supplier of barbed wire and entanglements to Thailand, comprising 85% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +24.7%.

Import Prices by Country

In 2021, the average barbed wire import price amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%).

Source: IndexBox Platform

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