Thailand - Sulphates (Excluding Those Of Aluminium And Barium) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSulphates Price in Thailand - 2023
Contents:
- Sulphates Price in Thailand (CIF) - 2022
- Sulphates Price in Thailand (FOB) - 2023
- Sulphates Imports in Thailand
- Sulphates Exports in Thailand
Sulphates Price in Thailand (CIF) - 2022
In 2022, the average sulphates import price amounted to $255 per ton, falling by -5.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. The import price peaked at $336 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($566 per ton), while the price for China ($174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates Price in Thailand (FOB) - 2023
The average sulphates export price stood at $2,442 per ton in September 2023, waning by -3.1% against the previous month. Overall, export price indicated a noticeable increase from September 2022 to September 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, sulphates export price increased by +61.3% against March 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 59% against the previous month. The export price peaked at $2,881 per ton in January 2023; however, from February 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($24,303 per ton), while the average price for exports to Myanmar ($772 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates Imports in Thailand
In 2022, the amount of sulphates (excluding those of aluminium and barium) imported into Thailand soared to 309K tons, jumping by 30% against the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% 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 +71.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates imports soared to $79M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.9 | 33.1 | 36.7 | 49.9 | 21.4% |
| Germany | 2.9 | 3.5 | 4.4 | 3.9 | 10.4% |
| India | 1.7 | 1.0 | 3.0 | 2.7 | 16.7% |
| Malaysia | 1.9 | 1.4 | 1.1 | 1.3 | -11.9% |
| Others | 12.6 | 15.0 | 18.8 | 21.0 | 18.6% |
| Total | 47.0 | 53.9 | 63.9 | 78.9 | 18.8% |
Top Suppliers of Sulphates to Thailand in 2022:
- China (286.8K tons)
- Germany (8.1K tons)
- India (4.8K tons)
- Malaysia (3.6K tons)
Sulphates Exports in Thailand
In 2022, sulphates exports from Thailand soared to 18K tons, jumping by 19% on the year before. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates exports surged to $35M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Sulphates in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.2 | 3.5 | 7.1 | 11.1 | 38.3% |
| Vietnam | 4.9 | 4.6 | 7.6 | 7.6 | 15.8% |
| Japan | 2.9 | 3.0 | 3.4 | 3.6 | 7.5% |
| Malaysia | 3.9 | 3.8 | 3.0 | 3.1 | -7.4% |
| South Korea | 2.4 | 2.1 | 3.6 | 2.6 | 2.7% |
| Taiwan (Chinese) | 0.1 | N/A | 2.2 | 2.5 | 192.4% |
| Myanmar | 0.2 | 0.3 | 1.1 | 1.2 | 81.7% |
| Lao People's Democratic Republic | 0.9 | 0.8 | 0.3 | 1.1 | 6.9% |
| Others | 2.6 | 1.8 | 1.3 | 1.9 | -9.9% |
| Total | 22.0 | 19.9 | 29.5 | 34.7 | 16.4% |
Top Export Markets for Sulphates from Thailand in 2022:
- Indonesia (4.3K tons)
- Myanmar (3.6K tons)
- Vietnam (3.1K tons)
- Lao People's Democratic Republic (2.1K tons)
- Malaysia (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- Japan (1.1K tons)
- South Korea (0.6K tons)
This report provides an in-depth analysis of the sulphates 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 20134157 - Sulphates (excluding those of aluminium and barium)
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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