Report Update Nov 1, 2024

Thailand - Chromates, Dichromates and Peroxochromates - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Chromates Market 2024

Chromates Market Size in Thailand

The Thai chromates market soared to $X in 2022, picking up by 73% 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). Overall, consumption continues to indicate a mild increase. Chromates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Chromates Exports

Exports from Thailand

In 2022, chromates exports from Thailand reduced sharply to X tons, which is down by -39.9% on 2021. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of 2,132%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromates exports dropped remarkably to $X in 2022. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 1,528%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for chromates exports from Thailand, with a 100% share of total exports. It was followed by Malaysia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar totaled +2.6%.

In value terms, Myanmar ($X) remains the key foreign market for chromates, dichromates and peroxochromates exports from Thailand, comprising 100% of total exports. The second position in the ranking was held by Malaysia ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar amounted to +6.8%.

Export Prices by Country

In 2022, the average chromates export price amounted to $X per ton, increasing by 28% against the previous year. In general, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2013 an increase of 101% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Chromates Imports

Imports into Thailand

Chromates imports into Thailand skyrocketed to X tons in 2022, rising by 76% against the previous year's figure. Over the period under review, imports recorded a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 341%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, chromates imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 233% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons), South Africa (X tons) and India (X tons) were the main suppliers of chromates imports to Thailand, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +110.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chromates suppliers to Thailand were Kazakhstan ($X), South Africa ($X) and India ($X), with a combined 88% share of total imports.

Among the main suppliers, India, with a CAGR of +87.3%, 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 chromates import price amounted to $X per ton, waning by -3.5% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, Turkey and Germany, together comprising 44% of global consumption. Kazakhstan, India, South Africa, Japan, China, Argentina, Italy, Estonia, Uruguay and Colombia lagged somewhat behind, together accounting for a further 44%.

What are the largest producers of chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, South Africa and Kazakhstan, with a combined 74% share of global production. These countries were followed by Turkey, Argentina, Estonia and Austria, which together accounted for a further 24%.

What are the leading suppliers of chromates, dichromates and peroxochromates to Thailand?

In value terms, South Africa constituted the largest supplier of chromates to Thailand, comprising 54% of total imports. The second position in the ranking was occupied by India, with a 23% share of total imports. It was followed by the United States, with a 10% share.

What are the leading importers of chromates, dichromates and peroxochromates from Thailand?

In value terms, Myanmar remains the key foreign market for chromates exports from Thailand.

What is the average export price for chromates, dichromates and peroxochromates in Thailand?

The average chromates export price stood at $3,822 per ton in 2021, picking up by 22% against the previous year.

What is the average import price for chromates, dichromates and peroxochromates in Thailand?

The average chromates import price stood at $1,660 per ton in 2021, rising by 35% against the previous year.

This report provides an in-depth analysis of the chromates market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135125 - Chromates and dichromates, peroxochromates

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023