Thailand: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Thailand

The Thai activated natural mineral products market surged to $X in 2021, picking up by 27% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Activated Natural Mineral Products in Thailand

In value terms, activated natural mineral products production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Activated Natural Mineral Products

Exports from Thailand

In 2021, approx. X tons of activated natural mineral products were exported from Thailand; growing by 15% on 2020 figures. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 827%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, activated natural mineral products exports stood at $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 392% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia (X tons) was the main destination for activated natural mineral products exports from Thailand, with a 83% share of total exports. Moreover, activated natural mineral products exports to Indonesia exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+39.1% per year) and Malaysia (+33.0% per year).

In value terms, Indonesia ($X) remains the key foreign market for activated natural mineral products exports from Thailand, comprising 82% of total exports. The second position in the ranking was held by Vietnam ($X), with a 7.3% share of total exports. It was followed by Malaysia, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.1% per year) and Malaysia (-7.0% per year).

Export Prices by Country

The average activated natural mineral products export price stood at $X per ton in 2021, falling by -2% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced a decline.

Imports of Activated Natural Mineral Products

Imports into Thailand

In 2021, imports of activated natural mineral products into Thailand skyrocketed to X tons, with an increase of 15% compared with the previous year's figure. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 59%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, activated natural mineral products imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +22.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest activated natural mineral products supplier to Thailand, accounting for a 69% share of total imports. Moreover, activated natural mineral products imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.4% per year) and the United States (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of activated natural mineral products to Thailand, comprising 55% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+12.2% per year) and the United States (-3.1% per year).

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, growing by 6.8% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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