Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand - 2024
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (FOB) - 2024
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (CIF) - 2022
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (FOB) - 2024
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $388 per ton in September 2023, declining by -12.3% against the previous month. Overall, the export price recorded a pronounced slump. The growth pace was the most rapid in June 2023 when the average export price increased by 26% m-o-m. Over the period under review, the average export prices hit record highs at $507 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Japan ($428 per ton), while the average price for exports to Indonesia totaled $291 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-1.6%), while the prices for the other major destinations experienced a decline.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (CIF) - 2022
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $837 per ton in 2022, picking up by 13% against the previous year. In general, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 163%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,987 per ton), while the price for Australia ($214 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand
In 2022, exports of silicates; of sodium (excluding sodium metasilicates)s from Thailand soared to 16K tons, jumping by 139% on the previous year's figure. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 334% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $6.3M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 371%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 91.2 | 1,343 | 4,197 | 578.4% |
| Indonesia | 5.2 | 1.7 | 105 | 1,151 | 504.9% |
| Myanmar | 10.9 | 6.7 | 306 | 437 | 242.3% |
| Malaysia | 660 | 217 | 210 | 210 | -31.7% |
| Taiwan (Chinese) | N/A | N/A | 489 | 197 | -59.7% |
| Singapore | 96.4 | 104 | 40.1 | N/A | -35.5% |
| Others | 68.7 | 143 | 160 | 131 | 24.0% |
| Total | 841 | 563 | 2,653 | 6,324 | 95.9% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Thailand in 2022:
- Japan (10.9K tons)
- Indonesia (3.1K tons)
- Myanmar (1.0K tons)
- Taiwan (Chinese) (0.6K tons)
- Malaysia (0.6K tons)
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand
In 2022, imports of silicates; of sodium (excluding sodium metasilicates)s into Thailand shrank remarkably to 695 tons, falling by -19.2% compared with the year before. In general, imports faced a dramatic decline.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s reduced to $582K in 2022. Over the period under review, imports recorded a sharp curtailment.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,548 | 1,007 | 204 | 215 | -60.7% |
| Japan | 142 | 129 | 206 | 181 | 8.4% |
| India | 29.7 | 20.5 | 51.1 | 57.2 | 24.4% |
| Taiwan (Chinese) | 238 | 44.8 | 87.8 | 53.0 | -39.4% |
| Germany | 8.9 | 2.3 | 33.4 | 24.5 | 40.1% |
| Vietnam | 5.4 | 12.5 | 5.9 | 11.3 | 27.9% |
| United States | 154 | 0.8 | 13.0 | 1.9 | -76.9% |
| Indonesia | 553 | 0.1 | N/A | N/A | -100.0% |
| Others | 27.7 | 87.4 | 38.4 | 37.5 | 10.6% |
| Total | 4,707 | 1,304 | 640 | 582 | -50.2% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Thailand in 2022:
- China (387.4 tons)
- India (99.0 tons)
- Japan (91.3 tons)
- Taiwan (Chinese) (52.5 tons)
- Germany (27.9 tons)
- Vietnam (13.0 tons)
- United States (0.3 tons)
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