Thailand: Porcelain Technical Ware Market 2024

Porcelain Technical Ware Market Size in Thailand

The Thai porcelain technical ware market soared to $X in 2022, rising by 16% against the previous year. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Porcelain Technical Ware Production in Thailand

In value terms, porcelain technical ware production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 284%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Porcelain Technical Ware Exports

Exports from Thailand

In 2022, approx. X tons of porcelain ceramic wares for laboratory, technical, and chemical use were exported from Thailand; declining by -39% on the year before. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,163% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, porcelain technical ware exports reduced modestly to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 1,824% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for porcelain technical ware exports from Thailand, with a 90% share of total exports. Moreover, porcelain technical ware exports to China exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +78.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+55.4% per year) and Myanmar (+21.9% per year).

In value terms, China ($X) emerged as the key foreign market for porcelain ceramic wares for laboratory, technical, and chemical use exports from Thailand, comprising 88% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.3% share of total exports. It was followed by Myanmar, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +85.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-68.4% per year) and Myanmar (+10.4% per year).

Export Prices by Country

The average porcelain technical ware export price stood at $X per ton in 2022, growing by 56% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2018 an increase of 558%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Maldives ($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 Vietnam (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Porcelain Technical Ware Imports

Imports into Thailand

In 2022, supplies from abroad of porcelain ceramic wares for laboratory, technical, and chemical use increased by 28% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 762% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, porcelain technical ware imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 643% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest porcelain technical ware supplier to Thailand, with a 70% share of total imports. Moreover, porcelain technical ware imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. China (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 Indonesia amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+85.0% per year) and China (+25.2% per year).

In value terms, Indonesia ($X) constituted the largest supplier of porcelain ceramic wares for laboratory, technical, and chemical use to Thailand, comprising 65% of total imports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+43.3% per year) and China (+32.5% per year).

Import Prices by Country

In 2022, the average porcelain technical ware import price amounted to $X per ton, falling by -4.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17%. The import price peaked at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while the price for Indonesia ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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