Thailand: Market for Inorganic Oxygen Compounds Of Non-Metals 2025

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Thailand

The Thai market for inorganic oxygen compounds of non-metals rose sharply to $X in 2021, with an increase of 11% against the previous year. Overall, consumption, however, enjoyed resilient growth. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Inorganic Oxygen Compounds Of Non-Metals in Thailand

In value terms, inorganic oxygen compounds of non-metals production surged to $X in 2021 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 60%. Inorganic oxygen compounds of non-metals production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Thailand

In 2021, inorganic oxygen compounds of non-metals exports from Thailand rose rapidly to X tons, with an increase of 15% against the previous year's figure. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports rose slightly to $X in 2021. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Thailand, accounting for a 64% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-18.6% per year) and Singapore (+17.6% per year).

In value terms, Vietnam ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Thailand, comprising 63% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 26% share of total exports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam stood at +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-19.9% per year) and Singapore (+10.4% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, declining by -10% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 75%. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Singapore ($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 Lao People's Democratic Republic (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Thailand

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were imported into Thailand; jumping by 47% compared with 2020 figures. Overall, imports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals imports surged to $X in 2021. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 69% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to Thailand, accounting for a 44% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Austria (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Austria (+12.6% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Thailand were China ($X), the United States ($X) and Austria ($X), with a combined 84% share of total imports. These countries were followed by Taiwan (Chinese), Indonesia, Germany, Japan and Belgium, which together accounted for a further 13%.

Among the main suppliers, Indonesia, with a CAGR of +667.5%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, declining by -12.8% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals import price increased by +56.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

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 the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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