Extruded Rod Market in Thailand
Market Overview
The Thai extruded rod market totaled $
in , rising by % against 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, continues to indicate a abrupt curtailment. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, extruded rod production declined to $ in estimated in export price. Overall, production showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by % against the previous year. Extruded rod production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
in , rising by % against 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, continues to indicate a abrupt curtailment. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, extruded rod production declined to $
in estimated in export price. Overall, production showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by % against the previous year. Extruded rod production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , consumption of extruded rods and profile shapes of cellular vulcanised rubber increased by % to tons, rising for the second year in a row after eight years of decline. In general, consumption, however, saw a abrupt descent. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The value of the extruded rod market in Thailand rose modestly to $ in , picking up by % against 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, continues to indicate a abrupt slump. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, consumption of extruded rods and profile shapes of cellular vulcanised rubber increased by % to tons, rising for the second year in a row after eight years of decline. In general, consumption, however, saw a abrupt descent. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The value of the extruded rod market in Thailand rose modestly to $
in , picking up by % against 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, continues to indicate a abrupt slump. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for extruded rod in Thailand, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
The growth in the share of Thailand imports of in the extruded rod market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Thailand remains a net importer of extruded rod; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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