Thailand: Extruded Rod Market 2022

Extruded Rod Market Size in Thailand

The Thai extruded rod market shrank slightly to $X in 2021, standing approx. at the previous year. Over the period under review, consumption, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in Thailand

In value terms, extruded rod production totaled $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Thailand

In 2021, after three years of decline, there was significant growth in overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber, when their volume increased by X% to X tons. Overall, exports, however, recorded a noticeable slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, extruded rod exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable contraction. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for extruded rod exports from Thailand, accounting for a X% share of total exports. Moreover, extruded rod exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was held by Bahrain (X tons), with a X% share.

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

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for extruded rod exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

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

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Sweden (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Thailand

In 2021, approx. X tons of extruded rods and profile shapes of cellular vulcanised rubber were imported into Thailand; increasing by X% compared with 2020. Overall, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) were the main suppliers of extruded rod imports to Thailand, with a combined X% share of total imports. China and Mexico lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of extruded rod to Thailand, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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