Carbonates; Potassium Carbonate Price in Thailand - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Thailand (FOB) - 2023
- Carbonates; Potassium Carbonate Price in Thailand (CIF) - 2023
- Carbonates; Potassium Carbonate Exports in Thailand
- Carbonates; Potassium Carbonate Imports in Thailand
Carbonates; Potassium Carbonate Price in Thailand (FOB) - 2023
The average carbonates; potassium carbonate export price stood at $1,159 per ton in July 2023, reducing by -3% against the previous month. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 6.4% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,648 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was South Korea ($1,244 per ton), while the average price for exports to Indonesia ($1,097 per ton) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.9%), while the prices for the other major destinations experienced a decline.
Carbonates; Potassium Carbonate Price in Thailand (CIF) - 2023
The average carbonates; potassium carbonate import price stood at $1,366 per ton in July 2023, growing by 1.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in October 2022 when the average import price increased by 23% month-to-month. The import price peaked at $1,692 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($4,514 per ton), while the price for South Korea amounted to $1,304 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Exports in Thailand
In 2022, exports of carbonates; potassium carbonates from Thailand contracted notably to 4.1K tons, declining by -20.4% against 2021 figures. Over the period under review, exports recorded a significant contraction.
In value terms, carbonates; potassium carbonate exports soared to $6.3M in 2022. In general, exports saw a abrupt contraction.
| Export of Carbonates; Potassium Carbonate in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5,309 | 3,622 | 2,158 | 4,082 | -8.4% |
| South Korea | 51.0 | 363 | 444 | 886 | 159.0% |
| Australia | 198 | 41.9 | 173 | 367 | 22.8% |
| Indonesia | 1,018 | 533 | 459 | 309 | -32.8% |
| Hong Kong SAR | 215 | 199 | 241 | 195 | -3.2% |
| Malaysia | 1,039 | 337 | 263 | 187 | -43.5% |
| China | 391 | 252 | 120 | 110 | -34.5% |
| Saudi Arabia | 394 | 79.4 | 318 | N/A | -10.2% |
| Others | 635 | 182 | 246 | 194 | -32.6% |
| Total | 9,250 | 5,611 | 4,421 | 6,328 | -11.9% |
Top Export Markets for Carbonates; Potassium Carbonate from Thailand in 2022:
- India (2558.5 tons)
- South Korea (621.0 tons)
- Australia (248.4 tons)
- Indonesia (197.7 tons)
- Malaysia (126.3 tons)
- Hong Kong SAR (124.2 tons)
- China (74.5 tons)
Carbonates; Potassium Carbonate Imports in Thailand
For the fourth year in a row, Thailand recorded growth in supplies from abroad of carbonates; potassium carbonates, which increased by 25% to 2K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; potassium carbonate imports soared to $2.1M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 630 | 638 | 851 | 1,809 | 42.1% |
| China | 54.9 | 6.1 | 80.0 | 113 | 27.2% |
| United States | 29.8 | 39.8 | 68.8 | 71.9 | 34.1% |
| Japan | 18.4 | 422 | 34.0 | 66.4 | 53.4% |
| Russia | 168 | 186 | 161 | 49.2 | -33.6% |
| Others | 10.9 | 72.6 | 94.7 | 34.1 | 46.3% |
| Total | 911 | 1,365 | 1,290 | 2,143 | 33.0% |
Top Suppliers of Carbonates; Potassium Carbonate to Thailand in 2022:
- South Korea (1553.8 tons)
- Russia (176.3 tons)
- China (114.4 tons)
- United States (101.2 tons)
- Japan (35.3 tons)
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