Thailand: Metal Washer Market 2025

Metal Washer Market Size in Thailand

The Thai metal washer market totaled less than $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt descent. Metal washer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Exports

Exports from Thailand

In 2019, shipments abroad of iron or steel washers decreased by -26.8% to X tons for the first time since 2013, thus ending a five-year rising trend. Over the period under review, total exports indicated a pronounced increase from 2012 to 2019: its volume increased at an average annual rate of +3.5% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 25%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, metal washer exports fell rapidly to $X in 2019. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), the United States (X tons) and Japan (X tons) were the main destinations of metal washer exports from Thailand, together accounting for 39% of total exports. Malaysia, Cambodia, South Africa, Belgium, Argentina, China, Pakistan, Hong Kong SAR, the Philippines and Mexico lagged somewhat behind, together comprising a further 46%.

From 2012 to 2019, the biggest increases were recorded for Mexico (with a CAGR of +82.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal washer exported from Thailand were Japan ($X), the United States ($X) and Indonesia ($X), together comprising 42% of total exports. Malaysia, Cambodia, China, South Africa, Hong Kong SAR, Argentina, the Philippines, Pakistan, Mexico and Belgium lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Mexico, with a CAGR of +59.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal washer export price stood at $X per ton in 2019, picking up by 9.3% against the previous year. Over the last seven years, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Thailand

In 2021, purchases abroad of iron or steel washers increased by 32% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, metal washer imports totaled less than $X in 2021. Over the period under review, imports, however, saw a slight decline. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Nauru (X tons) constituted the largest metal washer supplier to Thailand, accounting for a 89% share of total imports. Moreover, metal washer imports from Nauru exceeded the figures recorded by the second-largest supplier, Montenegro (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from Nauru was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value from No country was relatively modest.

Import Prices by Country

In 2019, the average metal washer import price amounted to $X per ton, which is down by -17.9% against the previous year. Overall, import price indicated prominent growth from 2012 to 2019: its price increased at an average annual rate of +6.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, metal washer import price increased by +52.7% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 49% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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