Thailand - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicates Price in Thailand - 2023
Contents:
- Silicates Price in Thailand (FOB) - 2023
- Silicates Price in Thailand (CIF) - 2023
- Silicates Exports in Thailand
- Silicates Imports in Thailand
Silicates Price in Thailand (FOB) - 2023
The average silicates export price stood at $826 per ton in July 2023, reducing by -18% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 70% month-to-month. Over the period under review, the average export prices attained the maximum at $1,322 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Bangladesh ($2,285 per ton), while the average price for exports to Taiwan (Chinese) ($254 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates Price in Thailand (CIF) - 2023
In July 2023, the average silicates import price amounted to $584 per ton, with a decrease of -49.1% against the previous month. Overall, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 147% against the previous month. The import price peaked at $1,530 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,421 per ton), while the price for China ($327 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 (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Silicates Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of silicates, commercial alkali metal silicates, which increased by 78% to 26K tons in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicates exports soared to $24M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Silicates in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 4.3 | 4.3 | 4.4 | 6.1 | 12.4% |
Japan | N/A | 0.1 | 1.4 | 4.5 | 570.8% |
Turkey | 1.4 | 1.8 | 1.8 | 4.0 | 41.9% |
Bangladesh | 0.7 | 1.5 | 2.6 | 3.6 | 72.6% |
Indonesia | 0.4 | 0.1 | 0.8 | 2.4 | 81.7% |
Pakistan | 0.4 | 1.0 | 1.4 | 1.7 | 62.0% |
Myanmar | N/A | N/A | 0.4 | 0.5 | 25.0% |
Malaysia | 1.0 | 0.3 | 0.3 | 0.5 | -20.6% |
Others | 0.3 | 0.4 | 1.2 | 1.1 | 54.2% |
Total | 8.7 | 9.4 | 14.2 | 24.4 | 41.0% |
Top Export Markets for Silicates from Thailand in 2022:
- Japan (10.9K tons)
- Indonesia (4.0K tons)
- Vietnam (3.3K tons)
- Turkey (2.6K tons)
- Bangladesh (1.9K tons)
- Myanmar (1.0K tons)
- Pakistan (0.8K tons)
- Malaysia (0.7K tons)
Silicates Imports in Thailand
In 2022, supplies from abroad of silicates, commercial alkali metal silicates was finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep slump.
In value terms, silicates imports soared to $9.5M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 +70.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Silicates in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4,492 | 1,896 | 1,699 | 3,917 | -4.5% |
Japan | 1,491 | 1,683 | 2,274 | 2,123 | 12.5% |
South Korea | 27.5 | 17.2 | 1,052 | 901 | 220.0% |
Malaysia | 383 | 309 | 553 | 779 | 26.7% |
United States | 644 | 224 | 186 | 452 | -11.1% |
Taiwan (Chinese) | 292 | 51.4 | 259 | 366 | 7.8% |
Netherlands | 171 | 217 | 333 | 215 | 7.9% |
Indonesia | 625 | 38.2 | 67.5 | 95.8 | -46.5% |
Others | 810 | 1,156 | 616 | 675 | -5.9% |
Total | 8,935 | 5,592 | 7,039 | 9,523 | 2.1% |
Top Suppliers of Silicates to Thailand in 2022:
- Indonesia (undefinedK tons)
- China (6.7K tons)
- Malaysia (1.5K tons)
- Japan (0.7K tons)
- South Korea (0.3K tons)
- Netherlands (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
- United States (0.2K tons)
This report provides an in-depth analysis of the silicates 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:
- Prodcom 20136240 - Silicates, commercial alkali metal silicates
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The price for Silicates in June 2023 was $1,007 per ton (FOB, Thailand), showing a significant increase of 70% compared to the previous month.
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
Explore the top import markets for continuous-action elevators and conveyors worldwide, including the United States, China, Germany, and more. Get valuable insights from IndexBox market intelligence platform.
The price for Silicates in June 2023 was $1,007 per ton (FOB, Thailand), showing a significant increase of 70% compared to the previous month.
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...