Thailand: Market for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine 2024

Market Size for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in Thailand

The Thai market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine rose rapidly to $X in 2022, with an increase of 6.8% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in Thailand

In value terms, production of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 43%. Production of peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Exports from Thailand

In 2022, approx. X tons of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine were exported from Thailand; jumping by 91% against the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 221%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 154% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Myanmar (X tons) was the main destination for exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from Thailand, accounting for a 63% share of total exports. Moreover, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Myanmar exceeded the volume sent to the second major destination, Sri Lanka (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+19.6% per year) and Japan (+77.6% per year).

In value terms, Myanmar ($X) remains the key foreign market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 17% share of total exports. It was followed by Japan, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+27.4% per year) and Japan (+72.7% per year).

Export Prices by Country

In 2022, the average export price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine amounted to $X per ton, shrinking by -14.2% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 68%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($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 Vietnam (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Imports into Thailand

In 2022, approx. X tons of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine were imported into Thailand; surging by 3.7% on the previous year's figure. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Singapore (X tons) constituted the largest thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine supplier to Thailand, with a 41% share of total imports. Moreover, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from Singapore exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to +87.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.9% per year) and China (+15.6% per year).

In value terms, Singapore ($X) constituted the largest supplier of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Thailand, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore stood at +79.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.3% per year) and China (+20.2% per year).

Import Prices by Country

The average import price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, with an increase of 9.1% against the previous year. In general, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Singapore ($X per ton), while the price for Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform