Thailand: Activated Carbon Market 2024

Activated Carbon Market Size in Thailand

The Thai activated carbon market amounted to $X in 2022, increasing by 2.7% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Activated carbon consumption peaked in 2022 and is expected to retain growth in years to come.

Activated Carbon Production in Thailand

In value terms, activated carbon production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 23% against the previous year. Activated carbon production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Activated Carbon Exports

Exports from Thailand

Activated carbon exports from Thailand reduced to X tons in 2022, waning by -10.8% against the previous year. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 35%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, activated carbon exports dropped to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Myanmar (X tons) were the main destinations of activated carbon exports from Thailand, together accounting for 44% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +69.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Africa ($X) constituted the largest markets for activated carbon exported from Thailand worldwide, with a combined 46% share of total exports. Myanmar, Papua New Guinea, Taiwan (Chinese), Estonia, South Korea, Brazil, Japan and Australia lagged somewhat behind, together accounting for a further 42%.

Myanmar, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average activated carbon export price amounted to $X per ton, surging by 4.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Japan ($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 Papua New Guinea (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Activated Carbon Imports

Imports into Thailand

Activated carbon imports into Thailand declined to X tons in 2022, falling by -5.7% against the year before. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.0% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 19% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, activated carbon imports totaled $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 78%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of activated carbon to Thailand, accounting for a 61% share of total imports. Moreover, activated carbon imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was taken by the Philippines (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.0% per year) and the Philippines (+58.4% per year).

In value terms, China ($X) constituted the largest supplier of activated carbon to Thailand, comprising 45% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Malaysia, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.9% per year) and Malaysia (+4.8% per year).

Import Prices by Country

The average activated carbon import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :