Thailand: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Thailand

In 2022, the Thai sodium carbonate market increased by 49% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Sodium carbonate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sodium Carbonate Production in Thailand

In value terms, sodium carbonate production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 97%. Sodium carbonate production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sodium Carbonate Exports

Exports from Thailand

In 2022, shipments abroad of sodium carbonate increased by 46% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 738%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, sodium carbonate exports soared to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 394% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Myanmar (X tons) was the main destination for sodium carbonate exports from Thailand, accounting for a 83% share of total exports. Moreover, sodium carbonate exports to Myanmar exceeded the volume sent to the second major destination, Malaysia (X tons), tenfold. Cambodia (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at +75.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+216.2% per year) and Cambodia (+141.6% per year).

In value terms, Myanmar ($X) remains the key foreign market for sodium carbonate exports from Thailand, comprising 79% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 13% share of total exports. It was followed by Malaysia, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+150.1% per year) and Malaysia (+185.6% per year).

Export Prices by Country

The average sodium carbonate export price stood at $X per ton in 2022, rising by 27% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The growth pace was the most rapid in 2020 an increase of 153%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Malaysia ($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 Australia (+31.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sodium Carbonate Imports

Imports into Thailand

In 2022, the amount of sodium carbonate imported into Thailand rose remarkably to X tons, growing by 5.2% on the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 12%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sodium carbonate imports soared to $X in 2022. Overall, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Turkey (X tons) were the main suppliers of sodium carbonate imports to Thailand, with a combined 70% share of total imports. Kenya, Bulgaria, Spain, Italy and Belgium lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +126.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate suppliers to Thailand were the United States ($X), China ($X) and Turkey ($X), together comprising 72% of total imports. Kenya, Bulgaria, Spain, Italy and Belgium lagged somewhat behind, together accounting for a further 27%.

Spain, with a CAGR of +87.4%, recorded 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

In 2022, the average sodium carbonate import price amounted to $X per ton, growing by 78% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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