Thailand: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Thailand

In 2021, the Thai gypsum, anhydrite and limestone market decreased by -9.4% to $X for the first time since 2014, thus ending a six-year rising trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Production of Gypsum, Anhydrite And Limestone in Thailand

In value terms, gypsum, anhydrite and limestone production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.9% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Gypsum, Anhydrite And Limestone

Exports from Thailand

In 2021, shipments abroad of gypsum, anhydrite and limestone was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, recorded a perceptible curtailment. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, gypsum, anhydrite and limestone exports surged to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of gypsum, anhydrite and limestone exports from Thailand, with a combined 56% share of total exports. These countries were followed by Malaysia, Taiwan (Chinese), Cambodia, China, South Korea, the Philippines, India and Bangladesh, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Japan ($X) and Malaysia ($X) were the largest markets for gypsum, anhydrite and limestone exported from Thailand worldwide, together comprising 54% of total exports. Vietnam, Bangladesh, Cambodia, Taiwan (Chinese), China, the Philippines, South Korea and India lagged somewhat behind, together accounting for a further 45%.

China, with a CAGR of +35.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gypsum, anhydrite and limestone export price stood at $X per ton in 2021, surging by 3.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 14%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

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 Bangladesh ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Bangladesh (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports into Thailand

After three years of decline, supplies from abroad of gypsum, anhydrite and limestone increased by 21% to X tons in 2021. Overall, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 97%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone imports skyrocketed to $X in 2021. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 220% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest gypsum, anhydrite and limestone supplier to Thailand, accounting for a 53% share of total imports. Moreover, gypsum, anhydrite and limestone imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+248.5% per year) and Portugal (+234.7% per year).

In value terms, the largest gypsum, anhydrite and limestone suppliers to Thailand were Italy ($X), Japan ($X) and the United States ($X), together accounting for 82% of total imports. Portugal, China and Malaysia lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Portugal, with a CAGR of +247.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gypsum, anhydrite and limestone import price stood at $X per ton in 2021, jumping by 16% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 130%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for Malaysia ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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