Thailand: Mercury Market 2022

Mercury Market Size in Thailand

The Thai mercury market expanded rapidly to $X in 2021, with an increase of X% against the previous year. In general, consumption saw a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Mercury Production in Thailand

In value terms, mercury production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Mercury production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Mercury Exports

Exports from Thailand

In 2021, overseas shipments of mercuries decreased by X% to less than X kg, falling for the fourth year in a row after six years of growth. In general, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, mercury exports amounted to $less than X in 2021. Over the period under review, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tonnes), Singapore (X tonnes) and the Netherlands (X kg) were the main destinations of mercury exports from Thailand, with a combined X% share of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

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

From 2012 to 2019, the average annual rate of growth in terms of value to India amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Singapore (-X% per year).

Export Prices by Country

The average mercury export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced a decline.

Mercury Imports

Imports into Thailand

In 2021, supplies from abroad of mercuries decreased by X% to X kg, falling for the fourth year in a row after three years of growth. In general, imports faced a sharp downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, mercury imports amounted to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X kg) was the main mercury supplier to Thailand, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK was relatively modest.

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

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +X%.

Import Prices by Country

In 2021, the average mercury import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform