Thailand: Dolomite Market 2024

Dolomite Market Size in Thailand

In 2021, the Thai dolomite market decreased by -24.8% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 9.1%. Dolomite consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dolomite Production in Thailand

In value terms, dolomite production rose markedly to $X in 2021 estimated in export price. In general, production continues to indicate a slight downturn. Dolomite production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Dolomite Exports

Exports from Thailand

In 2021, the amount of dolomite exported from Thailand surged to X tons, with an increase of 30% compared with the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, dolomite exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 25% against the previous year. The exports peaked at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

Malaysia (X tons), Japan (X tons) and India (X tons) were the main destinations of dolomite exports from Thailand, with a combined 83% share of total exports. Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +132.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dolomite exported from Thailand were Malaysia ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 83% of total exports. These countries were followed by India and Indonesia, which together accounted for a further 17%.

Among the main countries of destination, Indonesia, with a CAGR of +66.2%, saw 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

The average dolomite export price stood at $X per ton in 2021, reducing by -9.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Malaysia ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to India ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Dolomite Imports

Imports into Thailand

In 2021, the amount of dolomite imported into Thailand reduced to X tons, falling by -7.9% compared with the previous year. Overall, imports, however, posted a mild increase. The most prominent rate of growth was recorded in 2020 when imports increased by 138%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, dolomite imports surged to $X in 2021. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2020 with an increase of 569%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Greece (X tons), Norway (X tons) and South Korea (X tons) were the main suppliers of dolomite imports to Thailand, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +49.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Greece ($X) constituted the largest supplier of dolomite to Thailand, comprising 74% of total imports. The second position in the ranking was taken by Norway ($X), with a 20% share of total imports. It was followed by South Korea, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Greece totaled +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-1.5% per year) and South Korea (+4.3% per year).

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, increasing by 42% against the previous year. Overall, the import price posted strong growth. The growth pace was the most rapid in 2020 an increase of 181% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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