Report Update Nov 1, 2024

Thailand - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in Thailand

The Thai hot-rolled free-cutting steel market expanded slightly to $X in 2021, with an increase of 4.7% against the previous year. Overall, consumption showed a slight decline. Hot-rolled free-cutting steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hot-Rolled Free-Cutting Steel Production in Thailand

In value terms, hot-rolled free-cutting steel production reached $X in 2021 estimated in export price. In general, production recorded a slight contraction. The growth pace was the most rapid in 2013 when the production volume increased by 12%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Thailand

In 2021, overseas shipments of hot-rolled bars in free-cutting steels were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 105%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports soared to $X in 2021. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 108% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for hot-rolled free-cutting steel exports from Thailand, with a 68% share of total exports. Moreover, hot-rolled free-cutting steel exports to Myanmar exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar amounted to +19.1%.

In value terms, Myanmar ($X) remains the key foreign market for hot-rolled bars in free-cutting steels exports from Thailand, comprising 69% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Myanmar stood at +15.8%.

Export Prices by Country

In 2021, the average hot-rolled free-cutting steel export price amounted to $X per ton, with a decrease of -12.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 23% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Lao People's Democratic Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+0.0%).

Hot-Rolled Free-Cutting Steel Imports

Imports into Thailand

Hot-rolled free-cutting steel imports into Thailand soared to X tons in 2021, picking up by 16% compared with 2020. Over the period under review, imports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2018 with an increase of 26%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports soared to $X in 2021. In general, imports, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest hot-rolled free-cutting steel supplier to Thailand, with a 74% share of total imports. Moreover, hot-rolled free-cutting steel imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -19.9%.

In value terms, Japan ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Thailand, comprising 81% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -22.1%.

Import Prices by Country

In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+36.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were the UK, Japan and Italy, together comprising 48% of global consumption. Taiwan Chinese), France, Switzerland, the United States, Argentina, India, Algeria, Bahrain and Turkey lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were the UK, Japan and Taiwan Chinese), with a combined 45% share of global production. These countries were followed by Switzerland, France, Saudi Arabia, the United Arab Emirates, Spain, Argentina, Italy, India and Germany, which together accounted for a further 46%.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Thailand?

In value terms, Japan constituted the largest supplier of hot-rolled free-cutting steel to Thailand, comprising 96% of total imports. The second position in the ranking was occupied by India, with a 4.2% share of total imports.

What are the leading importers of hot-rolled bars in free-cutting steels from Thailand?

In value terms, Lao People's Democratic Republic remains the key foreign market for hot-rolled free-cutting steel exports from Thailand.

What is the average export price for hot-rolled bars in free-cutting steels in Thailand?

The average hot-rolled free-cutting steel export price stood at $550 per ton in 2020, declining by -19.2% against the previous year.

What is the average import price for hot-rolled bars in free-cutting steels in Thailand?

The average hot-rolled free-cutting steel import price stood at $1,401 per ton in 2020, increasing by 55% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels

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:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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