Thailand: Cement Clinker Market 2024

Cement Clinker Market Size in Thailand

The Thai cement clinker market skyrocketed to $X in 2022, surging by 21% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Cement Clinker Production in Thailand

In value terms, cement clinker production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. Cement clinker production peaked in 2022 and is likely to see steady growth in the near future.

Cement Clinker Exports

Exports from Thailand

Cement clinker exports from Thailand declined rapidly to X tons in 2022, waning by -18.8% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cement clinker exports shrank to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 63%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for cement clinker exports from Thailand, accounting for a 68% share of total exports. Moreover, cement clinker exports to Bangladesh exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+28.9% per year) and Taiwan (Chinese) (+345.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for cement clinker exports from Thailand, comprising 68% of total exports. The second position in the ranking was taken by Australia ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+28.6% per year) and Taiwan (Chinese) (+296.0% per year).

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 16%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Malaysia ($X per ton), while the average price for exports to the Philippines ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.5%), while the prices for the other major destinations experienced a decline.

Cement Clinker Imports

Imports into Thailand

In 2022, approx. X tons of cement clinker were imported into Thailand; reducing by -59.8% on the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 633%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of 211% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cement clinker to Thailand, with a 56% share of total imports. Moreover, cement clinker imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Iceland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+53.4% per year) and Iceland (0.0% per year).

In value terms, the largest cement clinker suppliers to Thailand were Germany ($X), China ($X) and Malaysia ($X), together accounting for 75% of total imports.

Among the main suppliers, Germany, with a CAGR of +32.3%, recorded 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 cement clinker import price amounted to $X per ton, with an increase of 60% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 213%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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) ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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