Thailand: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Thailand

In 2022, the Thai market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a pronounced decline. Alkali and rare earth metals consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Thailand

In value terms, alkali and rare earth metals production expanded markedly to $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Alkali and rare earth metals production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports from Thailand

In 2022, alkali and rare earth metals exports from Thailand skyrocketed to X tons, increasing by X% on 2021 figures. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, alkali and rare earth metals exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Japan (X tons) was the main destination for alkali and rare earth metals exports from Thailand, accounting for a X% share of total exports. Moreover, alkali and rare earth metals exports to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Myanmar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Myanmar (X% per year).

In value terms, Japan ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average export price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted a tangible increase. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($X 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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume decreased by X% to X tons. In general, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, alkali and rare earth metals imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

France (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of alkali and rare earth metals imports to Thailand, with a combined X% share of total imports. Estonia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Estonia ($X) and China ($X) constituted the largest alkali and rare earth metals suppliers to Thailand, together accounting for X% of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price posted a significant increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Estonia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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