Thailand - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Thailand - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights

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Insulating Board Price in Thailand - 2023

Contents:

  1. Insulating Board Price in Thailand (FOB) - 2023
  2. Insulating Board Price in Thailand (CIF) - 2022
  3. Insulating Board Exports in Thailand
  4. Insulating Board Imports in Thailand

Insulating Board Price in Thailand (FOB) - 2023

In July 2023, the average insulating board export price amounted to $158 per cubic meter, approximately equating the previous month. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 6.3% against the previous month. As a result, the export price attained the peak level of $193 per cubic meter. From September 2022 to July 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Lebanon ($160 per cubic meter) and the United Arab Emirates ($155 per cubic meter), while the average price for exports to Malaysia ($148 per cubic meter) and Egypt ($150 per cubic meter) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+0.8%), while the prices for the other major destinations experienced a decline.

Insulating Board Price in Thailand (CIF) - 2022

In 2022, the average insulating board import price amounted to $381 per cubic meter, picking up by 6.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.2%. The import price peaked at $413 per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($409 per cubic meter) and India ($394 per cubic meter), while the price for China ($275 per cubic meter) and Estonia ($386 per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Board Exports in Thailand

Insulating board exports from Thailand soared to 609K cubic meters in 2022, growing by 25% compared with 2021 figures. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, insulating board exports soared to $110M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Insulating Board in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1.912.617.937.2169.5%
Egypt14.411.921.021.814.8%
Lebanon5.02.76.019.457.1%
Saudi Arabia7.91.41.98.62.9%
Malaysia4.514.97.36.915.3%
United States0.10.81.85.3275.6%
Jordan3.70.82.25.111.3%
Yemen2.20.84.11.8-6.5%
South Korea3.40.13.51.0-33.5%
Vietnam21.511.80.1N/A-93.2%
Syrian Arab RepublicN/A10.512.8N/A21.9%
Others3.42.13.22.9-5.2%
Total68.070.482.011017.4%

Top Export Markets for Insulating Board from Thailand in 2022:

  1. United Arab Emirates (213.6K cubic meters)
  2. Egypt (121.3K cubic meters)
  3. Lebanon (105.0K cubic meters)
  4. Saudi Arabia (48.4K cubic meters)
  5. Malaysia (43.3K cubic meters)
  6. Jordan (29.4K cubic meters)
  7. United States (18.2K cubic meters)
  8. Yemen (10.0K cubic meters)
  9. South Korea (5.2K cubic meters)
  10. Vietnam (0.2K cubic meters)

Insulating Board Imports in Thailand

In 2022, approx. 3.2K cubic meters of insulating board were imported into Thailand; shrinking by -16.9% against the year before. Overall, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports reached the peak of 3.9K cubic meters, and then contracted remarkably in the following year.

In value terms, insulating board imports shrank to $1.2M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $1.4M, and then declined in the following year.

Import of Insulating Board in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland42145768974521.0%
India17232730527216.5%
China11113114915912.7%
Estonia16314316252.9-31.3%
Norway54.2N/A38.2N/A-16.0%
New Zealand17371.424.5N/A-62.4%
Others77.09.416.3N/A-54.0%
Total1,1701,1391,3841,2281.6%

Top Suppliers of Insulating Board to Thailand in 2022:

  1. Poland (1822.0 cubic meters)
  2. India (689.0 cubic meters)
  3. China (577.0 cubic meters)
  4. Estonia (137.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating board 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:

  • FCL 1650 - Other fibreboard

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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