Thailand: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Thailand

In 2022, the Thai double or complex silicates market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Double Or Complex Silicates in Thailand

In value terms, double or complex silicates production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Double Or Complex Silicates

Exports from Thailand

In 2022, double or complex silicates exports from Thailand declined notably to X tons, with a decrease of X% compared with the previous year. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, double or complex silicates exports declined dramatically to $X in 2022. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Japan (X tons) and China (X tons) were the main destinations of double or complex silicates exports from Thailand, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Indonesia ($X) and Japan ($X) were the largest markets for double or complex silicates exported from Thailand worldwide, with a combined X% share of total exports.

Indonesia, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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

Imports of Double Or Complex Silicates

Imports into Thailand

In 2022, overseas purchases of double or complex silicates increased by X% to X tons, rising for the eighth consecutive year after two years of decline. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, double or complex silicates imports surged to $X in 2022. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of double or complex silicates to Thailand, with a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports. The United States (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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of double or complex silicates to Thailand, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average double or complex silicates import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price, however, showed slight growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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