Thailand - Steel Springs And Leaves For Springs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSteel Spring Price in Thailand - 2023
Contents:
- Steel Spring Price in Thailand (CIF) - 2023
- Steel Spring Price in Thailand (FOB) - 2023
- Steel Spring Imports in Thailand
- Steel Spring Exports in Thailand
Steel Spring Price in Thailand (CIF) - 2023
The average steel spring import price stood at $4,897 per ton in September 2023, with an increase of 14% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 34% against the previous month. As a result, import price reached the peak level of $5,701 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,401 per ton), while the price for Indonesia ($1,952 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Spring Price in Thailand (FOB) - 2023
In September 2023, the average steel spring export price amounted to $6,609 per ton, flattening at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in November 2022 an increase of 13% m-o-m. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($11,172 per ton), while the average price for exports to Algeria ($1,818 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Spring Imports in Thailand
In 2022, steel spring imports into Thailand totaled 35K tons, picking up by 3.1% against the year before. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, steel spring imports contracted to $160M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of $169M, and then dropped in the following year.
Import of Steel Spring in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 49.1 | 42.4 | 50.6 | 42.6 | -4.6% |
China | 25.0 | 34.7 | 43.0 | 41.0 | 17.9% |
Indonesia | 13.5 | 9.7 | 16.2 | 18.9 | 11.9% |
United States | 6.7 | 8.1 | 10.8 | 10.6 | 16.5% |
Malaysia | 8.8 | 6.0 | 7.8 | 8.7 | -0.4% |
Taiwan (Chinese) | 4.1 | 4.7 | 7.6 | 7.0 | 19.5% |
Vietnam | 1.0 | 1.4 | 2.0 | 1.9 | 23.9% |
Others | 24.1 | 22.3 | 31.0 | 28.9 | 6.2% |
Total | 132 | 129 | 169 | 160 | 6.6% |
Top Suppliers of Steel Spring to Thailand in 2022:
- China (14.7K tons)
- Indonesia (9.6K tons)
- Japan (4.1K tons)
- Malaysia (2.2K tons)
- Taiwan (Chinese) (1.1K tons)
- United States (0.6K tons)
- Vietnam (0.6K tons)
Steel Spring Exports in Thailand
In 2022, shipments abroad of steel springs and leaves for springs decreased by -2.7% to 16K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 18K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, steel spring exports declined to $91M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 18%. As a result, the exports reached the peak of $97M, and then declined in the following year.
Export of Steel Spring in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 14.8 | 10.7 | 15.9 | 16.2 | 3.1% |
Vietnam | 14.6 | 14.7 | 15.4 | 13.3 | -3.1% |
Malaysia | 5.4 | 4.5 | 4.5 | 6.1 | 4.1% |
South Africa | 2.7 | 1.9 | 3.8 | 6.0 | 30.5% |
Japan | 9.8 | 11.1 | 7.5 | 5.6 | -17.0% |
China | 1.9 | 1.4 | 1.2 | 5.5 | 42.5% |
India | 3.4 | 3.6 | 4.7 | 4.6 | 10.6% |
Philippines | 4.3 | 2.9 | 4.2 | 4.3 | 0.0% |
United States | 10.8 | 6.0 | 5.6 | 3.4 | -32.0% |
Pakistan | 2.8 | 2.5 | 5.1 | 3.3 | 5.6% |
Australia | 2.4 | 3.4 | 4.5 | 3.2 | 10.1% |
Brazil | 2.6 | 2.9 | 4.3 | 3.0 | 4.9% |
Yemen | 1.3 | 1.1 | 1.2 | 1.0 | -8.4% |
Others | 13.6 | 15.5 | 19.0 | 15.3 | 4.0% |
Total | 90.6 | 82.3 | 97.2 | 91.1 | 0.2% |
Top Export Markets for Steel Spring from Thailand in 2022:
- Vietnam (2.8K tons)
- South Africa (1.6K tons)
- Indonesia (1.5K tons)
- Australia (1.3K tons)
- Malaysia (1.0K tons)
- Philippines (0.9K tons)
- Pakistan (0.7K tons)
- India (0.7K tons)
- Japan (0.7K tons)
- China (0.6K tons)
- Yemen (0.6K tons)
- United States (0.5K tons)
- Brazil (0.4K tons)
This report provides an in-depth analysis of the steel spring 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
- Prodcom 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
- Prodcom 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the steel spring market in Thailand.
This report provides an in-depth analysis of the market for metal hot-worked helical spring in Thailand.
This report provides an in-depth analysis of the market for iron or steel leaf-spring and leave in Thailand.
This report provides an in-depth analysis of the market for metal spiral or discs spring in Thailand.
This report provides an in-depth analysis of the market for iron or steel leaf-spring in Thailand.
This report provides an in-depth analysis of the global steel spring market.
This report provides an in-depth analysis of the global market for metal hot-worked helical spring.
This report provides an in-depth analysis of the global market for iron or steel leaf-spring and leave.
This report provides an in-depth analysis of the global market for metal spiral or discs spring.
This report provides an in-depth analysis of the global market for iron or steel leaf-spring.
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Explore the top import markets for steel springs worldwide, including key statistics and import values. Learn about the leading countries in steel spring imports and their industrial sectors driving the demand.
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...