Organo-Sulphur Compounds; Methionine Price in Thailand - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Thailand (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Thailand (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Thailand
- Organo-Sulphur Compounds; Methionine Exports in Thailand
Organo-Sulphur Compounds; Methionine Price in Thailand (CIF) - 2023
In July 2023, the average organo-sulphur compounds; methionine import price amounted to $1,795 per ton, with an increase of 5.6% against the previous month. In general, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in November 2022 an increase of 6.7% against the previous month. The import price peaked at $2,935 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($2,441 per ton), while the price for China ($1,561 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.3%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Thailand (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $2,375 per ton in 2022, which is down by -23.9% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 38%. The export price peaked at $4,897 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($4,833 per ton), while the average price for exports to Malaysia ($1,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.9%), while the prices for the other major destinations experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in Thailand
In 2022, approx. 22K tons of organo-sulphur compounds; methionines were imported into Thailand; picking up by 12% on the previous year's figure. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, organo-sulphur compounds; methionine imports surged to $64M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.9% 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 +85.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Organo-Sulphur Compounds; Methionine in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.1 | 21.7 | 23.8 | 31.5 | 46.1% |
| Japan | 11.3 | 12.4 | 15.4 | 12.8 | 4.2% |
| China | 0.6 | 1.3 | 2.1 | 6.1 | 116.6% |
| Malaysia | 1.8 | 2.8 | 3.3 | 5.3 | 43.3% |
| France | 1.6 | 1.4 | 2.8 | 3.5 | 29.8% |
| Spain | 1.8 | N/A | N/A | 2.3 | 8.5% |
| Germany | 0.4 | 0.8 | 0.2 | 1.1 | 40.1% |
| Belgium | 6.8 | N/A | N/A | 0.4 | -61.1% |
| Others | 0.3 | 0.3 | 0.2 | 1.4 | 67.1% |
| Total | 34.7 | 40.7 | 47.7 | 64.4 | 22.9% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Thailand in 2022:
- Singapore (11.5K tons)
- Japan (3.9K tons)
- China (2.1K tons)
- Malaysia (1.8K tons)
- France (1.2K tons)
- Spain (0.9K tons)
- Germany (0.5K tons)
- Belgium (0.1K tons)
Organo-Sulphur Compounds; Methionine Exports in Thailand
In 2022, shipments abroad of organo-sulphur compounds; methionines decreased by -53.1% to 225 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 721%. As a result, the exports reached the peak of 480 tons, and then declined remarkably in the following year.
In value terms, organo-sulphur compounds; methionine exports fell significantly to $535K in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 931% against the previous year. As a result, the exports attained the peak of $1.5M, and then dropped sharply in the following year.
| Export of Organo-Sulphur Compounds; Methionine in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 13.0 | N/A | N/A | 172 | 136.5% |
| Bangladesh | 27.9 | 95.6 | 402 | 131 | 67.5% |
| Nepal | 6.7 | 31.2 | 179 | 78.9 | 127.5% |
| Indonesia | 3.2 | N/A | N/A | 51.4 | 152.3% |
| Sri Lanka | 6.5 | N/A | N/A | 45.2 | 90.9% |
| Vietnam | 3.7 | N/A | N/A | 26.4 | 92.5% |
| Malaysia | 3.5 | 2.9 | N/A | 9.6 | 40.0% |
| Myanmar | 0.2 | 12.4 | 870 | 6.6 | 220.8% |
| Taiwan (Chinese) | N/A | N/A | 47.6 | N/A | 0% |
| Others | 3.8 | 3.5 | 1.1 | 14.5 | 56.3% |
| Total | 68.5 | 145 | 1,499 | 535 | 98.4% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Thailand in 2022:
- Philippines (105.5 tons)
- Bangladesh (31.7 tons)
- Indonesia (28.1 tons)
- Nepal (16.3 tons)
- Sri Lanka (14.8 tons)
- Vietnam (13.6 tons)
- Malaysia (6.3 tons)
- Myanmar (2.5 tons)
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