ASEAN: Thiosulphates Market 2024

Thiosulphates Exports

Exports in ASEAN

In 2021, overseas shipments of thiosulphates decreased by -79.2% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 210% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, thiosulphates exports dropped markedly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 140%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia was the main exporting country with an export of about X tons, which accounted for 76% of total exports. Singapore (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (6.7%) and Indonesia (5.7%).

Malaysia was also the fastest-growing in terms of the thiosulphates exports, with a CAGR of +16.2% from 2012 to 2021. Indonesia (-5.4%), Singapore (-25.0%) and Vietnam (-28.3%) illustrated a downward trend over the same period. Malaysia (+69 p.p.) and Indonesia (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Vietnam saw its share reduced by -35.1% and -36.4% from 2012 to 2021, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

Malaysia, with a CAGR of +5.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, increasing by 135% against the previous year. In general, the export price saw measured growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+23.5%), while the other leaders experienced a decline in the export price figures.

Thiosulphates Imports

Imports in ASEAN

In 2021, approx. X tons of thiosulphates were imported in ASEAN; picking up by 19% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, thiosulphates imports skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 63% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The purchases of the three major importers of thiosulphates, namely Malaysia, Vietnam and Thailand, represented more than two-thirds of total import. Singapore (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (5.3%). Indonesia (X tons) and Lao People's Democratic Republic (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 72% share of total imports. Singapore, Indonesia, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Cambodia, with a CAGR of +43.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.4%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform