Thailand: Oxides And Hydroxides Market 2024

Oxides And Hydroxides Market Size in Thailand

In 2021, after three years of decline, there was significant growth in the Thai oxides and hydroxides market, when its value increased by 9% to $X. Over the period under review, consumption continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.5% against the previous year. Oxides and hydroxides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Oxides And Hydroxides Production in Thailand

In value terms, oxides and hydroxides production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Oxides And Hydroxides Exports

Exports from Thailand

In 2021, oxides and hydroxides exports from Thailand declined modestly to X tons, reducing by -5% compared with the year before. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.8% against 2013 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 51%. The exports peaked at X tons in 2020, and then reduced modestly in the following year.

In value terms, oxides and hydroxides exports reached $X in 2021. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.4% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of oxides and hydroxides exports from Thailand, together accounting for 97% of total exports. These countries were followed by Vietnam, which accounted for a further 1.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Vietnam ($X) constituted the largest markets for oxides and hydroxides exported from Thailand worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +30.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oxides and hydroxides export price amounted to $X per ton, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($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 Japan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides And Hydroxides Imports

Imports into Thailand

In 2021, approx. X tons of chromium, manganese, lead and copper oxides and hydroxides were imported into Thailand; with a decrease of -3.4% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 18% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, oxides and hydroxides imports rose notably to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest oxides and hydroxides supplier to Thailand, with a 41% share of total imports. Moreover, oxides and hydroxides imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-0.4% per year) and India (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Thailand, comprising 31% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and Taiwan (Chinese) (+3.4% per year).

Import Prices by Country

The average oxides and hydroxides import price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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