Report Thailand - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Thailand - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Market for Hot-Rolled Bars Of High Speed Steel 2024

Market Size for Hot-Rolled Bars Of High Speed Steel in Thailand

The Thai market for hot-rolled bars of high speed steel reduced to $X in 2022, dropping by -3% against the previous year. In general, consumption showed a slight downturn. Hot-rolled high speed steel bar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in Thailand

In value terms, hot-rolled high speed steel bar production dropped slightly to $X in 2022 estimated in export price. In general, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Thailand

Hot-rolled high speed steel bar exports from Thailand dropped sharply to X tons in 2022, which is down by -22.1% against 2021 figures. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 32% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports declined to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 51% 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

Myanmar (X tons) was the main destination for hot-rolled high speed steel bar exports from Thailand, accounting for a 90% share of total exports. Moreover, hot-rolled high speed steel bar exports to Myanmar exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+2.7% per year) and Qatar (-54.6% per year).

In value terms, Myanmar ($X) remains the key foreign market for hot-rolled bars of high speed steel exports from Thailand, comprising 82% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +41.1%. 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 Qatar (-26.6% per year).

Export Prices by Country

In 2022, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, increasing by 10% against the previous year. In general, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+61.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Thailand

Hot-rolled high speed steel bar imports into Thailand soared to X tons in 2022, jumping by 73% on the previous year. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 279%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, hot-rolled high speed steel bar imports skyrocketed to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 138% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hot-rolled high speed steel bar to Thailand, accounting for a 81% share of total imports. Moreover, hot-rolled high speed steel bar imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. Austria (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.0% per year) and Austria (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled bars of high speed steel to Thailand, comprising 79% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by Austria, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.8% per year) and Austria (+9.0% per year).

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2022, rising by 6.7% against the previous year. In general, the import price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 414%. The import price peaked at $X per ton in 2020; however, from 2021 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia remains the largest hot-rolled high speed steel bar consuming country worldwide, comprising approx. 94% of total volume. It was followed by Poland, with a 1.7% share of total consumption.
Russia remains the largest hot-rolled high speed steel bar producing country worldwide, comprising approx. 95% of total volume. It was followed by Poland, with a 1.7% share of total production.
In value terms, China constituted the largest supplier of hot-rolled high speed steel bar to Thailand, comprising 62% of total imports. The second position in the ranking was occupied by Japan, with a 29% share of total imports.
In value terms, Myanmar emerged as the key foreign market for hot-rolled high speed steel bar exports from Thailand, comprising 91% of total exports. The second position in the ranking was occupied by Vietnam, with a 1.8% share of total exports.
The average export price for hot-rolled bars of high speed steel stood at $999 per ton in 2021, reducing by -2.8% against the previous year.
In 2021, the average import price for hot-rolled bars of high speed steel amounted to $11,717 per ton, reducing by -37.1% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed steel

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:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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