Thailand: Feldspar Market 2024

Feldspar Market Size in Thailand

The Thai feldspar market contracted dramatically to $X in 2021, waning by -33.4% against the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Feldspar Production in Thailand

In value terms, feldspar production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 100%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Feldspar Exports

Exports from Thailand

Feldspar exports from Thailand soared to X tons in 2021, increasing by 30% compared with the previous year's figure. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, feldspar exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 30%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for feldspar exports from Thailand, accounting for a 82% share of total exports. Moreover, feldspar exports to Bangladesh exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. India (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+1.1% per year) and India (-4.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for feldspar exports from Thailand, comprising 68% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.1% per year) and Indonesia (+3.6% per year).

Export Prices by Country

The average feldspar export price stood at $X per ton in 2021, shrinking by -6.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bangladesh ($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 India (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Thailand

In 2021, the amount of feldspar imported into Thailand surged to X tons, picking up by 34% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, feldspar imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest feldspar supplier to Thailand, with a 84% share of total imports. Moreover, feldspar imports from India exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.4% per year) and Malaysia (+5.1% per year).

In value terms, India ($X) constituted the largest supplier of feldspar to Thailand, comprising 63% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by Turkey, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+5.8% per year) and Turkey (+21.5% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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