Mullite Price in Thailand - 2023
Contents:
Mullite Price in Thailand (CIF) - 2023
The average mullite import price stood at $634 per ton in September 2023, jumping by 59% against the previous month. Over the period under review, the import price, however, recorded a noticeable shrinkage. The import price peaked at $869 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,061 per ton), while the price for China ($319 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 Japan (+0.8%), while the prices for the other major suppliers experienced a decline.
Mullite Imports in Thailand
In 2022, supplies from abroad of mullites decreased by -7.9% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of 2.8K tons, and then declined in the following year.
In value terms, mullite imports expanded remarkably to $1.6M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +81.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Mullite in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 725 | 531 | 997 | 1,093 | 14.7% |
| Japan | 178 | 205 | 350 | 380 | 28.8% |
| Taiwan (Chinese) | 101 | 119 | 95.5 | 65.7 | -13.4% |
| Others | 50.7 | 9.5 | 40.6 | 31.3 | -14.9% |
| Total | 1,054 | 864 | 1,484 | 1,570 | 14.2% |
Top Suppliers of Mullite to Thailand in 2022:
- China (2128.3 tons)
- Japan (347.7 tons)
- Taiwan (Chinese) (117.1 tons)
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