Thailand: Kaolin Market 2024

Kaolin Market Size in Thailand

The Thai kaolin market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Kaolin Production in Thailand

In value terms, kaolin production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. Kaolin production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Kaolin Exports

Exports from Thailand

In 2021, shipments abroad of kaolin and kaolinic clays increased by 62% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% 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 +89.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, kaolin exports soared to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +50.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons), China (X tons) and Vietnam (X tons) were the main destinations of kaolin exports from Thailand, together comprising 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Vietnam ($X) appeared to be the largest markets for kaolin exported from Thailand worldwide, with a combined 65% share of total exports.

China, with a CAGR of +35.6%, recorded the highest growth rate of 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 kaolin export price stood at $X per ton in 2021, with a decrease of -9% against the previous year. Over the period under review, the export price saw a slight descent. The pace of growth was the most pronounced in 2019 an increase of 12% 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.

Prices varied noticeably country of destination: the country with the highest price was Yemen ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Kaolin Imports

Imports into Thailand

In 2021, supplies from abroad of kaolin and kaolinic clays was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 59%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, kaolin imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of kaolin imports to Thailand, together accounting for 66% of total imports. Malaysia, Ukraine, France and Brazil lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +132.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the UK ($X) constituted the largest kaolin suppliers to Thailand, together comprising 73% of total imports. Malaysia, Ukraine, France and Brazil lagged somewhat behind, together comprising a further 18%.

Ukraine, with a CAGR of +136.2%, 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

The average kaolin import price stood at $X per ton in 2021, rising by 6.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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