Thailand: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2025

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Thailand

The Thai compounds of rare-earth metals market expanded to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Thailand

In value terms, compounds of rare-earth metals production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Thailand

In 2022, overseas shipments of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, compounds of rare-earth metals exports soared to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for compounds of rare-earth metals exports from Thailand, accounting for a X% share of total exports. Moreover, compounds of rare-earth metals exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) constituted the largest markets for compounds of rare-earth metals exported from Thailand worldwide, together comprising X% of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average compounds of rare-earth metals export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Thailand

For the sixth year in a row, Thailand recorded growth in supplies from abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, which increased by X% to X tons in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Japan (X tons) were the main suppliers of compounds of rare-earth metals imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Thailand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average compounds of rare-earth metals import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :