Thailand: Other Agglomerates Market 2024

Other Agglomerates Market Size in Thailand

The Thai other agglomerates market reduced markedly to $X in 2022, which is down by -18.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Other agglomerates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Other Agglomerates Production in Thailand

In value terms, other agglomerates production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The growth pace was the most rapid in 2016 when the production volume increased by 802,186,000% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Other Agglomerates Exports

Exports from Thailand

In 2022, overseas shipments of other agglomerates decreased by -53.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of 143%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, other agglomerates exports fell sharply to $X in 2022. In general, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 90%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Lebanon (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of other agglomerates exports from Thailand, together comprising 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +102.9%), while the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X) remains the key foreign market for other agglomerates exports from Thailand, comprising 37% of total exports. The second position in the ranking was taken by Australia ($X), with a 12% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lebanon totaled -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+0.3% per year) and Germany (+21.0% per year).

Export Prices by Country

In 2022, the average other agglomerates export price amounted to $X per ton, jumping by 37% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other agglomerates export price increased by +57.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 43%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to South Korea ($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 Denmark (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Other Agglomerates Imports

Imports into Thailand

In 2022, the amount of other agglomerates imported into Thailand contracted remarkably to X tons, which is down by -77.9% compared with the previous year. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 174%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, other agglomerates imports declined notably to $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and Germany (X tons) were the main suppliers of other agglomerates imports to Thailand, together comprising 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other agglomerates suppliers to Thailand were China ($X), Germany ($X) and Japan ($X), with a combined 71% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +12.5%, saw the highest growth rate of 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

The average other agglomerates import price stood at $X per ton in 2022, surging by 142% against the previous year. In general, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+29.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :