Report Update Nov 1, 2024

Thailand - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Magnesite Market 2024

Magnesite Market Size in Thailand

After three years of decline, the Thai magnesite market increased by 257% to $X in 2021. In general, consumption posted a modest increase. Magnesite consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Magnesite Exports

Exports from Thailand

After two years of decline, shipments abroad of magnesite increased by 543,660% to X tons in 2021. In general, exports enjoyed a significant increase. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesite exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for magnesite exports from Thailand, with a 92% share of total exports. Moreover, magnesite exports to Myanmar exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. New Zealand (X kg) ranked third in terms of total exports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar stood at +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+104.7% per year) and New Zealand (-8.8% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for magnesite exports from Thailand, comprising 86% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 1.9% share of total exports. It was followed by New Zealand, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+51.4% per year) and New Zealand (-24.2% per year).

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, growing by 235% against the previous year. In general, the export price, however, faced a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+23.9%), while the prices for the other major destinations experienced mixed trend patterns.

Magnesite Imports

Imports into Thailand

After three years of decline, overseas purchases of magnesite increased by 301% to X tons in 2021. Over the period under review, imports showed a temperate expansion. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, magnesite imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest magnesite supplier to Thailand, with a 89% share of total imports. Moreover, magnesite imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Greece (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.3% per year) and Greece (+52.6% per year).

In value terms, China ($X) constituted the largest supplier of magnesite to Thailand, comprising 79% of total imports. The second position in the ranking was held by Greece ($X), with an 11% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+43.6% per year) and Italy (-3.8% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, declining by -18.1% against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 67%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

China remains the largest magnesite consuming country worldwide, accounting for 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The United Arab Emirates ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of magnesite in the world?

China constituted the country with the largest volume of magnesite production, accounting for 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. The third position in this ranking was occupied by Spain, with a 7.3% share.

What are the leading suppliers of magnesite to Thailand?

In value terms, China constituted the largest supplier of magnesite to Thailand, comprising 58% of total imports. The second position in the ranking was occupied by Italy, with a 22% share of total imports. It was followed by Greece, with a 14% share.

What is the average export price for magnesite in Thailand?

The average magnesite export price stood at $269 per ton in 2020, dropping by -78.2% against the previous year.

What is the average import price for magnesite in Thailand?

In 2020, the average magnesite import price amounted to $323 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the magnesite market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

UNCode 16390-1 - Magnesite

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023