Thailand: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Thailand

In 2020, the Thai unwrought aluminium alloys market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a noticeable curtailment. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Unwrought Aluminium Alloys Production in Thailand

In value terms, unwrought aluminium alloys production stood at $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Unwrought aluminium alloys production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from Thailand

In 2020, shipments abroad of unwrought aluminium alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a strong expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unwrought aluminium alloys exports skyrocketed to $X in 2020. Overall, exports continue to indicate a strong expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for unwrought aluminium alloys exports from Thailand, accounting for a X% share of total exports. Moreover, unwrought aluminium alloys exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. The third position in this ranking was occupied by Cambodia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Cambodia (+X% per year).

In value terms, China ($X) emerged as the key foreign market for unwrought aluminium alloys exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Indonesia ($X per ton) and Japan ($X per ton), while the average price for exports to China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Thailand

In 2020, supplies from abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the second year in a row after four years of growth. Overall, total imports indicated a pronounced expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports reduced to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and Qatar (X tons) were the main suppliers of unwrought aluminium alloys imports to Thailand, together comprising X% of total imports. Russia, Bahrain, Australia, Saudi Arabia, Vietnam, Indonesia, Japan, South Korea, India and China lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Qatar ($X) appeared to be the largest unwrought aluminium alloys suppliers to Thailand, with a combined X% share of total imports. Russia, Bahrain, Australia, Saudi Arabia, Vietnam, Japan, India, Indonesia, South Korea and China lagged somewhat behind, together accounting for a further X terms of the main suppliers, Saudi Arabia (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Japan ($X per ton) and the United Arab Emirates ($X per ton), while the price for Indonesia ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :