Price for Sodium Sulphates; Disodium Sulphate in Thailand - 2023

Contents:

1. Price for Sodium Sulphates; Disodium Sulphate in Thailand (CIF) - 2022
2. Price for Sodium Sulphates; Disodium Sulphate in Thailand (FOB) - 2022
3. Imports of Sodium Sulphates; Disodium Sulphate in Thailand
4. Exports of Sodium Sulphates; Disodium Sulphate in Thailand

Price for Sodium Sulphates; Disodium Sulphate in Thailand (CIF) - 2022

In 2022, the average sodium sulphates; disodium sulphate import price amounted to $80 per ton, which is down by -25.8% against the previous year. Over the period under review, the import price faced a sharp shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 4.4%. The import price peaked at $788 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($76 per ton), while the price for Indonesia totaled $72 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-19.2%).

Price for Sodium Sulphates; Disodium Sulphate in Thailand (FOB) - 2022

In 2022, the average sodium sulphates; disodium sulphate export price amounted to $285 per ton, surging by 20% against the previous year. Over the period under review, the export price saw a tangible increase. The growth pace was the most rapid in 2013 when the average export price increased by 301% against the previous year. As a result, the export price attained the peak level of $719 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($284 per ton), while the average price for exports to Lao People's Democratic Republic totaled $268 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sodium Sulphates; Disodium Sulphate in Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of sodium sulphates; disodium sulphates, which increased by 81% to 336K tons in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sodium sulphates; disodium sulphate imports skyrocketed to $27M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sodium Sulphates; Disodium Sulphate to Thailand in 2022:

1. China (329.4K tons)
2. Indonesia (5.4K tons)

Exports of Sodium Sulphates; Disodium Sulphate in Thailand

In 2022, shipments abroad of sodium sulphates; disodium sulphates decreased by -2.6% to 3.5K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, the exports attained the peak of 4.6K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium sulphates; disodium sulphate exports skyrocketed to $999K in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sodium Sulphates; Disodium Sulphate from Thailand in 2022:

1. Myanmar (3.4K tons)
2. Lao People's Democratic Republic (0.1K tons)

Source: IndexBox Market Intelligence Platform