Thailand: Non-Agglomerated Metal Carbides Market 2024

Non-Agglomerated Metal Carbides Market Size in Thailand

In 2022, the Thai non-agglomerated metal carbides market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted significant growth. Non-agglomerated metal carbides consumption peaked at $X in 2021, and then contracted notably in the following year.

Non-Agglomerated Metal Carbides Production in Thailand

In value terms, non-agglomerated metal carbides production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Non-agglomerated metal carbides production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Agglomerated Metal Carbides Exports

Exports from Thailand

Non-agglomerated metal carbides exports from Thailand surged to X tons in 2022, picking up by X% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-agglomerated metal carbides exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for non-agglomerated metal carbides exports from Thailand, accounting for a X% share of total exports. Moreover, non-agglomerated metal carbides exports to Indonesia exceeded the volume sent to the second major destination, South Korea (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for non-agglomerated metal carbides mixed together or with metallic binders exports from Thailand, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average non-agglomerated metal carbides export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Agglomerated Metal Carbides Imports

Imports into Thailand

After two years of growth, purchases abroad of non-agglomerated metal carbides mixed together or with metallic binders decreased by X% to X tons in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell significantly in the following year.

In value terms, non-agglomerated metal carbides imports shrank markedly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of non-agglomerated metal carbides to Thailand, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of non-agglomerated metal carbides mixed together or with metallic binders to Thailand.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average non-agglomerated metal carbides import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Source: IndexBox Platform

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