Thailand: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2023

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Thailand

After three years of decline, the Thai chloride oxides of metal market increased by 30% to $X in 2021. Over the period under review, consumption posted a modest increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Thailand

In value terms, chloride oxides of metal production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Thailand

In 2021, exports of chloride oxides and chloride hydroxides of copper and other metals from Thailand surged to X tons, increasing by 57% against the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 223%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, chloride oxides of metal exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Vietnam (X tons) and South Korea (X tons) were the main destinations of chloride oxides of metal exports from Thailand, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +198.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chloride oxides of metal exported from Thailand were South Korea ($X), Japan ($X) and Vietnam ($X), together comprising 90% of total exports.

Japan, with a CAGR of +190.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chloride oxides of metal export price stood at $X per ton in 2021, jumping by 138% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Thailand

In 2021, approx. X tons of chloride oxides and chloride hydroxides of copper and other metals were imported into Thailand; surging by 11% on the year before. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, chloride oxides of metal imports reached $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of chloride oxides of metal to Thailand, with a 84% share of total imports. Moreover, chloride oxides of metal imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+42.1% per year) and China (+2.9% per year).

In value terms, India ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Thailand, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.9% per year) and the United States (+8.5% per year).

Import Prices by Country

The average chloride oxides of metal import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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