Thailand: Magnesium Market 2022

Magnesium Exports

Exports from Thailand

In 2021, approx. X tonnes of magnesium were exported from Thailand; growing by X% compared with 2020 figures. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, magnesium exports soared to $X in 2021. In general, exports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tonnes) was the main destination for magnesium exports from Thailand, with a X% share of total exports. Moreover, magnesium exports to Japan exceeded the volume sent to the second major destination, South Korea (X tonnes), threefold.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +X%.

In value terms, Japan ($X) remains the key foreign market for magnesium exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +X%.

Export Prices by Country

In 2021, the average magnesium export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price saw a perceptible descent. The growth pace was the most rapid in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per tonne), while the average price for exports to Japan amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%).

Magnesium Imports

Imports into Thailand

Magnesium imports into Thailand surged to X tonnes in 2021, increasing by X% against the year before. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports soared to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tonnes) was the main magnesium supplier to Thailand, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of magnesium to Thailand.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

The average magnesium import price stood at $X per tonne in 2021, surging by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform