Thailand: Antimony Market 2024

Antimony Market Size in Thailand

In 2022, the Thai antimony market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Antimony Production in Thailand

In value terms, antimony production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Antimony Exports

Exports from Thailand

In 2022, overseas shipments of antimony increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, antimony exports skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for antimony exports from Thailand, accounting for a X% share of total exports. Moreover, antimony exports to Japan exceeded the volume sent to the second major destination, Spain (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

In value terms, Japan ($X), the Netherlands ($X) and Belgium ($X) were the largest markets for antimony exported from Thailand worldwide, together accounting for X% of total exports. Pakistan, Spain, the United States, Bangladesh and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average antimony export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Japan ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Imports

Imports into Thailand

In 2022, approx. X tons of antimony were imported into Thailand; shrinking by X% against the year before. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antimony imports declined rapidly to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of antimony to Thailand, with a X% share of total imports. Moreover, antimony imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of antimony to Thailand, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average antimony import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Myanmar ($X per ton), while the price for Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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