Thailand: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Thailand

The Thai organo-sulphur compound market rose slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Organo-Sulphur Compound Production in Thailand

In value terms, organo-sulphur compound production declined to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Organo-Sulphur Compound Exports

Exports from Thailand

Organo-sulphur compound exports from Thailand skyrocketed to X tons in 2022, rising by X% on 2021. Overall, exports, however, continue to indicate a perceptible decline. 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 tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, organo-sulphur compound exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Vietnam (X tons) and the Philippines (X tons) were the main destinations of organo-sulphur compound exports from Thailand, together comprising X% of total exports. Sri Lanka, Indonesia, Malaysia, India, China, Bangladesh, Pakistan and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) remains the key foreign market for organo-sulphur compounds exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The average organo-sulphur compound export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Organo-Sulphur Compound Imports

Imports into Thailand

In 2022, approx. X tons of organo-sulphur compounds were imported into Thailand; dropping by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, organo-sulphur compound imports expanded markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest organo-sulphur compound supplier to Thailand, accounting for a X% share of total imports. Moreover, organo-sulphur compound imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

In value terms, the largest organo-sulphur compound suppliers to Thailand were China ($X), Japan ($X) and Singapore ($X), with a combined X% share of total imports. India, Malaysia, Spain, the United States, France and Belgium lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average organo-sulphur compound import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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