Thailand: Degras Market 2024

Degras Market Size in Thailand

In 2021, after two years of growth, there was decline in the Thai degras market, when its value decreased by -4.9% to $X. Over the period under review, consumption recorded a pronounced curtailment. Degras consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Degras Production in Thailand

In value terms, degras production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 31%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Degras Exports

Exports from Thailand

In 2021, overseas shipments of degras decreased by -84.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 702%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, degras exports dropped rapidly to $X in 2021. Over the period under review, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 391%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons) was the main destination for degras exports from Thailand, accounting for a 78% share of total exports. Moreover, degras exports to Pakistan exceeded the volume sent to the second major destination, Nepal (X tons), ninefold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan totaled -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-8.7% per year) and the United Arab Emirates (+122.6% per year).

In value terms, Pakistan ($X) remains the key foreign market for degras exports from Thailand, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Lao People's Democratic Republic, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+110.0% per year) and Lao People's Democratic Republic (+16.8% per year).

Export Prices by Country

In 2021, the average degras export price amounted to $X per ton, increasing by 31% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 80%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Nepal ($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 Myanmar (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Degras Imports

Imports into Thailand

In 2021, overseas purchases of degras decreased by -39.8% to X kg, falling for the third year in a row after four years of growth. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 1,123%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, degras imports reduced remarkably to $X in 2021. Over the period under review, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 64% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X kg) constituted the largest supplier of degras to Thailand, with a 84% share of total imports. Moreover, degras imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at -6.8%.

In value terms, Malaysia ($X) constituted the largest supplier of degras to Thailand, comprising 96% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at -19.7%.

Import Prices by Country

The average degras import price stood at $X per ton in 2021, dropping by -47.5% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 2,356%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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