Thailand: Common Clay Market 2024

Common Clay Market Size in Thailand

The Thai common clay market dropped to $X in 2022, waning by -6.2% against the previous year. In general, consumption saw a noticeable downturn. Common clay consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Common Clay Production in Thailand

In value terms, common clay production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 24%. Common clay production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Common Clay Exports

Exports from Thailand

For the third year in a row, Thailand recorded growth in shipments abroad of common clay, which increased by 8% to X tons in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, common clay exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of common clay exports from Thailand, together comprising 61% of total exports. Malaysia, Cambodia, China and the Philippines lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +140.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Vietnam ($X) and Indonesia ($X) were the largest markets for common clay exported from Thailand worldwide, together accounting for 60% of total exports. Malaysia, Cambodia, China and the Philippines lagged somewhat behind, together accounting for a further 35%.

Cambodia, with a CAGR of +173.3%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average common clay export price amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Malaysia ($X per ton), while the average price for exports to Cambodia ($X per ton) and China ($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 Cambodia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Common Clay Imports

Imports into Thailand

After two years of growth, purchases abroad of common clay decreased by -40.1% to X tons in 2022. Over the period under review, imports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, common clay imports shrank rapidly to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of common clay to Thailand, accounting for a 45% share of total imports. Moreover, common clay imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+33.4% per year) and the United States (+5.7% per year).

In value terms, China ($X), the United States ($X) and Ukraine ($X) constituted the largest common clay suppliers to Thailand, together accounting for 76% of total imports.

Ukraine, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average common clay import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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