Thailand: Pyrites Market 2022

Pyrites Market Size in Thailand

The Thai pyrites market skyrocketed to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pyrites Exports

Exports from Thailand

In 2021, after two years of growth, there was decline in shipments abroad of pyrites, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, enjoyed a measured increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pyrites exports declined significantly to $X in 2021. In general, exports, however, showed a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X tonnes), Lao People's Democratic Republic (X tonnes) and the Philippines (X tonnes) were the main destinations of pyrites exports from Thailand, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrites exported from Thailand were Lao People's Democratic Republic ($X), Tanzania ($X) and the Philippines ($X), with a combined X% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of -X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average pyrites export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price saw a precipitous shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the average price for exports to Tanzania ($X per tonne) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Pyrites Imports

Imports into Thailand

In 2021, approx. X tonnes of pyrites were imported into Thailand; with an increase of X% against the previous year. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pyrites imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tonnes) constituted the largest supplier of pyrites to Thailand, accounting for a X% share of total imports. Moreover, pyrites imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of pyrites to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average pyrites import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform