Thailand - Sodium Carbonate - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingThailand's Sodium Carbonate Imports Drop Sharply to $223 Million in 2023
Thailand Sodium Carbonate Imports
In 2023, after two years of growth, there was significant decline in supplies from abroad of sodium carbonate, when their volume decreased by -12.6% to 635K tons. The total import volume increased at an average annual rate of +2.1% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 14%. Over the period under review, imports attained the maximum at 726K tons in 2022, and then declined in the following year.
In value terms, sodium carbonate imports contracted rapidly to $223M (IndexBox estimates) in 2023. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2022 with an increase of 87% against the previous year. As a result, imports reached the peak of $272M, and then dropped notably in the following year.
| COUNTRY | Import Value of Sodium Carbonate in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 40.4 | 45.8 | 57.6 | 63.1 | 68.5 | 81.9 | 72.4 | 60.2 | 68.0 | 87.1 | 98.1 |
| China | 37.7 | 47.5 | 45.4 | 47.9 | 41.3 | 37.0 | 27.6 | 22.0 | 7.3 | 71.6 | 34.8 |
| Turkey | N/A | N/A | N/A | N/A | 8.5 | 28.2 | 27.3 | 22.2 | 28.0 | 36.3 | 34.7 |
| Kenya | 16.1 | 14.6 | 20.0 | 13.4 | 20.8 | 21.2 | 23.8 | 11.5 | 13.7 | 24.0 | 24.3 |
| Italy | 0.4 | 0.1 | 0.3 | 0.2 | 1.3 | 3.9 | 2.8 | 4.5 | 7.1 | 11.4 | 10.0 |
| Spain | N/A | N/A | N/A | 6.8 | 9.1 | 11.3 | 11.7 | 13.2 | 9.5 | 14.6 | 9.7 |
| Bulgaria | 5.8 | 4.1 | 9.7 | 2.8 | 3.4 | 10.2 | 6.2 | 5.8 | 7.2 | 22.5 | 5.5 |
| Others | 14.2 | 15.1 | 4.9 | 0.9 | 6.1 | 5.7 | 4.5 | 1.2 | 4.3 | 4.1 | 6.0 |
| Total | 115 | 127 | 138 | 135 | 159 | 199 | 176 | 141 | 145 | 272 | 223 |
Imports by Country
In 2023, the United States (277K tons) constituted the largest sodium carbonate supplier to Thailand, accounting for a 44% share of total imports. Moreover, sodium carbonate imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (109K tons), threefold. China (100K tons) ranked third in terms of total imports with a 16% share.
From 2013 to 2023, the average annual growth rate of volume from the United States amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+162.5% per year) and China (-5.8% per year).
In value terms, the United States ($98M) constituted the largest supplier of sodium carbonate to Thailand, comprising 44% of total imports. The second position in the ranking was taken by China ($35M), with a 16% share of total imports. It was followed by Turkey, with a 16% share.
From 2013 to 2023, the average annual growth rate of value from the United States stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and Turkey (+147.5% per year).
Import Prices by Country
In 2023, the sodium carbonate price amounted to $351 per ton (CIF, Thailand), dropping by -6.1% against the previous year. In general, import price indicated a pronounced expansion from 2013 to 2023: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sodium carbonate import price increased by +67.3% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of 78% against the previous year. As a result, import price reached the peak level of $374 per ton, and then reduced in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Bulgaria ($412 per ton) and Kenya ($389 per ton), while the price for Turkey ($318 per ton) and Italy ($346 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the sodium carbonate market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134310 - Disodium carbonate
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
