Thailand: Dolomite Market 2024

Dolomite Market Size in Thailand

In 2021, the Thai dolomite market decreased by -8.8% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a mild decline. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Dolomite Production in Thailand

In value terms, dolomite production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Dolomite Exports

Exports from Thailand

In 2021, dolomite exports from Thailand surged to X tons, growing by 30% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, dolomite exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Malaysia (X tons), Japan (X tons) and India (X tons) were the main destinations of dolomite exports from Thailand, with a combined 83% share of total exports. These countries were followed by Taiwan (Chinese) and Indonesia, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +747.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest markets for dolomite exported from Thailand worldwide, together comprising 82% of total exports.

Taiwan (Chinese), with a CAGR of +233.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average dolomite export price stood at $X per ton in 2021, which is down by -9.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to India ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.1%), while the prices for the other major destinations experienced a decline.

Dolomite Imports

Imports into Thailand

Dolomite imports into Thailand contracted slightly to X tons in 2021, which is down by -3.8% compared with the previous year's figure. Over the period under review, imports, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 118%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, dolomite imports skyrocketed to $X in 2021. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 310% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Greece (X tons), Norway (X tons) and Japan (X tons) were the main suppliers of dolomite imports to Thailand, together accounting for 90% of total imports. South Korea, Indonesia and China lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +189.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) constituted the largest supplier of chalk and dolomite to Thailand, comprising 63% of total imports. The second position in the ranking was held by Norway ($X), with a 17% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Greece stood at +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-1.5% per year) and Japan (-0.5% per year).

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, surging by 24% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dolomite import price increased by +133.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 88% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 China ($X per ton), while the price for South Korea ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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