Thailand: Dicalcium Phosphate Market 2025

Dicalcium Phosphate Market Size in Thailand

The Thai dicalcium phosphate market totaled $X in 2021, picking up by 12% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dicalcium Phosphate Exports

Exports from Thailand

In 2021, approx. X tons of calcium hydrogenorthophosphate (dicalcium phosphate) were exported from Thailand; waning by -10.9% against the year before. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by 2,247%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dicalcium phosphate exports dropped significantly to $X in 2021. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 286% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for dicalcium phosphate exports from Thailand, with a 74% share of total exports. Moreover, dicalcium phosphate exports to Myanmar exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar amounted to +121.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+27.8% per year) and Sri Lanka (0.0% per year).

In value terms, the largest markets for dicalcium phosphate exported from Thailand were Vietnam ($X), Myanmar ($X) and Sri Lanka ($X), with a combined 100% share of total exports.

Myanmar, with a CAGR of +82.4%, saw the highest growth rate of 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 2021, the average dicalcium phosphate export price amounted to $X per ton, reducing by -33.1% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 145% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($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 Vietnam (+2.6%).

Dicalcium Phosphate Imports

Imports into Thailand

After two years of growth, overseas purchases of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -4.4% to X tons in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dicalcium phosphate imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dicalcium phosphate to Thailand, with a 81% share of total imports. Moreover, dicalcium phosphate imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+393.5% per year) and Malaysia (+5.5% per year).

In value terms, China ($X) constituted the largest supplier of calcium hydrogenorthophosphate (dicalcium phosphate) to Thailand, comprising 89% of total imports. The second position in the ranking was held by Malaysia ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.9% per year) and Vietnam (+302.7% per year).

Import Prices by Country

In 2021, the average dicalcium phosphate import price amounted to $X per ton, jumping by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import 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 importers, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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