Thailand: Bentonite Market 2024

Bentonite Market Size in Thailand

The Thai bentonite market totaled $X in 2022, therefore, remained relatively stable 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). Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.1% against 2020 indices. Bentonite consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Bentonite Exports

Exports from Thailand

Bentonite exports from Thailand surged to X tons in 2022, with an increase of 16% on 2021 figures. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bentonite exports surged to $X in 2022. Overall, exports, however, showed a pronounced decrease. The growth pace was the most rapid in 2017 when exports increased by 43%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for bentonite exports from Thailand, accounting for a 47% share of total exports. Moreover, bentonite exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Myanmar (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+36.5% per year) and Myanmar (+43.7% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for bentonite exports from Thailand, comprising 47% of total exports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total exports. It was followed by Malaysia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+40.7% per year) and Malaysia (+1.0% per year).

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 an increase of 40%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 Indonesia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bentonite Imports

Imports into Thailand

In 2022, the amount of bentonite imported into Thailand was estimated at X tons, remaining relatively unchanged against the previous year. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, bentonite imports totaled $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +13.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of bentonite imports to Thailand, with a combined 96% share of total imports. Australia lagged somewhat behind, comprising a further 1.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite suppliers to Thailand were China ($X), the United States ($X) and India ($X), with a combined 94% share of total imports.

Among the main suppliers, China, with a CAGR of +12.6%, saw 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 2022, the average bentonite import price amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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