Thailand: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Thailand

In 2021, the Thai gypsum and anhydrite market decreased by -19.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Gypsum And Anhydrite Production in Thailand

In value terms, gypsum and anhydrite production expanded significantly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 19% against the previous year. Gypsum and anhydrite production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Gypsum And Anhydrite Exports

Exports from Thailand

In 2021, after six years of decline, there was significant growth in shipments abroad of gypsum and anhydrite, when their volume increased by 18% to X tons. Overall, exports, however, saw a noticeable reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, gypsum and anhydrite exports surged to $X in 2021. In general, exports, however, showed a slight downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of gypsum and anhydrite exports from Thailand, together comprising 59% of total exports. These countries were followed by Malaysia, Cambodia, China, South Korea, the Philippines, India and Bangladesh, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +39.5%), while the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Japan ($X) and Malaysia ($X) appeared to be the largest markets for gypsum and anhydrite exported from Thailand worldwide, together comprising 60% of total exports. These countries were followed by Vietnam, Cambodia, China, the Philippines, South Korea, India and Bangladesh, which together accounted for a further 38%.

Among the main countries of destination, China, with a CAGR of +35.2%, recorded 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 gypsum and anhydrite export price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 13%. 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 lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Malaysia ($X per ton) and India ($X per ton), while the average price for exports to Cambodia ($X per ton) and South Korea ($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 Bangladesh (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports into Thailand

In 2021, approx. X tons of gypsum and anhydrite were imported into Thailand; picking up by 3% against 2020 figures. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 25%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gypsum and anhydrite imports rose modestly to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Oman (X tons), China (X tons) and the United States (X tons) were the main suppliers of gypsum and anhydrite imports to Thailand, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest gypsum and anhydrite suppliers to Thailand, with a combined 97% share of total imports.

China, with a CAGR of +3.8%, saw the highest growth rate of the value of imports, among 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 2021, the average gypsum and anhydrite import price amounted to $X per ton, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Oman ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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