Thailand: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Thailand

The Thai phosphinates and phosphonates market reduced to $X in 2022, which is down by -9.2% against the previous year. Over the period under review, consumption saw a mild slump. Phosphinates and phosphonates consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in Thailand

In value terms, phosphinates and phosphonates production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a pronounced downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Thailand

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were exported from Thailand; rising by 25% compared with the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 2,793%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports rose sharply to $X in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 2,103%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Myanmar (X tons) were the main destinations of phosphinates and phosphonates exports from Thailand, with a combined 93% share 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 Vietnam (with a CAGR of +131.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phosphinates and phosphonates exported from Thailand were Indonesia ($X), Vietnam ($X) and India ($X), with a combined 93% share of total exports.

Vietnam, with a CAGR of +150.9%, saw 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

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, waning by -14.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 India (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Thailand

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported into Thailand declined rapidly to X tons, waning by -18% against the previous year's figure. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 90%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports surged to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of phosphinates and phosphonates to Thailand, with a 93% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+27.9% per year) and Taiwan (Chinese) (+14.5% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Thailand, comprising 95% of total imports. The second position in the ranking was held by Japan ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.5% per year) and Taiwan (Chinese) (+19.7% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, surging by 66% against the previous year. Over the period under review, the import price saw resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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