Thailand: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Thailand

The Thai ferro-cerium and pyrophoric alloys market rose remarkably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Thailand

In value terms, ferro-cerium and pyrophoric alloys production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Thailand

In 2022, exports of ferro-cerium and pyrophoric alloys from Thailand surged to X tons, jumping by X% on 2021 figures. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports rose notably to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Thailand, with a X% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Cambodia exceeded the volume sent to the second major destination, Myanmar (X tons), eightfold. The third position in this ranking was held by France (X tons), with a X% share.

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

In value terms, Cambodia ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Thailand, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Cambodia ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Thailand

In 2022, supplies from abroad of ferro-cerium and pyrophoric alloys increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a noticeable curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports fell significantly to $X in 2022. Over the period under review, imports, however, saw a mild decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Thailand, with a X% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by the Philippines (X tons), 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: Malaysia (X% per year) and the Philippines (X% per year).

In value terms, China ($X), the Philippines ($X) and Vietnam ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to Thailand, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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