Thailand: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Thailand

In 2021, the Thai agglomerated powder rod market decreased by -10.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a deep contraction. Agglomerated powder rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Agglomerated Powder Rod Production in Thailand

In value terms, agglomerated powder rod production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 18%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Agglomerated Powder Rod Exports

Exports from Thailand

In 2021, agglomerated powder rod exports from Thailand fell to X tons, reducing by -10.4% compared with 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 338% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, agglomerated powder rod exports surged to $X in 2021. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 135% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for agglomerated powder rod exports from Thailand, with a 85% share of total exports. Moreover, agglomerated powder rod exports to Japan exceeded the volume sent to the second major destination, South Africa (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+5.9% per year) and Vietnam (-20.7% per year).

In value terms, Japan ($X) remains the key foreign market for base metal wire and rods of agglomerated base powder exports from Thailand, comprising 82% of total exports. The second position in the ranking was taken by South Africa ($X), with a 6.3% share of total exports. It was followed by Vietnam, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+3.0% per year) and Vietnam (-14.3% per year).

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2021, jumping by 36% against the previous year. Overall, the export price, however, showed a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.

Agglomerated Powder Rod Imports

Imports into Thailand

In 2021, approx. X tons of base metal wire and rods of agglomerated base powder were imported into Thailand; declining by -3.9% compared with the previous year's figure. In general, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 85%. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, agglomerated powder rod imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and Turkey (X tons) were the main suppliers of agglomerated powder rod imports to Thailand, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +176.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to Thailand, comprising 61% of total imports. The second position in the ranking was held by Vietnam ($X), with a 6.2% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+49.2% per year) and China (+36.8% per year).

Import Prices by Country

The average agglomerated powder rod import price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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