Thailand: Carbonate Market 2025

Carbonate Market Size in Thailand

In 2021, the Thai carbonate market increased by 9.6% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Carbonate Production in Thailand

In value terms, carbonate production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 133%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Carbonate Exports

Exports from Thailand

In 2021, approx. X tons of carbonates and peroxocarbonates were exported from Thailand; reducing by -6.5% against 2020 figures. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 48%. Over the period under review, the exports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, carbonate exports contracted to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Cambodia (X tons) and Vietnam (X tons) were the main destinations of carbonate exports from Thailand, with a combined 64% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +31.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for carbonates and peroxocarbonates exports from Thailand, comprising 38% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total exports. It was followed by Cambodia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-0.2% per year) and Cambodia (+24.5% per year).

Export Prices by Country

In 2021, the average carbonate export price amounted to $X per ton, increasing by 3.9% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The growth pace was the most rapid in 2019 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average 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 Australia ($X per ton), while the average price for exports to Cambodia ($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 Australia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Thailand

Carbonate imports into Thailand expanded rapidly to X tons in 2021, growing by 12% against the year before. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonate imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of carbonate to Thailand, with a 44% share of total imports. Moreover, carbonate imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by China (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+51.4% per year) and China (-11.1% per year).

In value terms, the United States ($X) constituted the largest supplier of carbonates and peroxocarbonates to Thailand, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+47.5% per year) and China (-8.0% per year).

Import Prices by Country

In 2021, the average carbonate import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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