Thailand: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Thailand

In 2022, the Thai platinum catalysts market increased by 1.7% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a perceptible downturn. Platinum catalysts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Platinum Catalysts Production in Thailand

In value terms, platinum catalysts production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 1.9%. Platinum catalysts production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Platinum Catalysts Exports

Exports from Thailand

In 2022, overseas shipments of platinum catalysts decreased by -62.4% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2020 with an increase of 186% against the previous year. As a result, the exports reached the peak of X kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, platinum catalysts exports fell remarkably to $X in 2022. In general, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 128% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg), the UK (X kg) and Canada (X kg) were the main destinations of platinum catalysts exports from Thailand, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Canada ($X) were the largest markets for platinum catalysts exported from Thailand worldwide, with a combined 100% share of total exports.

Germany, with a CAGR of +0.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average platinum catalysts export price stood at $X per kg in 2022, rising by 65% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 135%. The export price peaked at $X per kg in 2014; however, from 2015 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 Germany ($X per kg), while the average price for exports to Canada ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+10.3%), while the prices for the other major destinations experienced a decline.

Platinum Catalysts Imports

Imports into Thailand

Platinum catalysts imports into Thailand dropped notably to X kg in 2022, with a decrease of -31.2% compared with the previous year's figure. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 134%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, platinum catalysts imports contracted markedly to $X in 2022. Over the period under review, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 81%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest platinum catalysts supplier to Thailand, with a 62% share of total imports. Moreover, platinum catalysts imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X kg), threefold. The third position in this ranking was taken by the UK (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.4% per year) and the UK (-33.3% per year).

In value terms, Germany ($X) constituted the largest supplier of platinum catalysts to Thailand, comprising 72% of total imports. The second position in the ranking was taken by the UK ($X), with a 27% share of total imports. It was followed by Japan, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.0% per year) and Japan (+9.5% per year).

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, rising by 9.3% against the previous year. Overall, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 419% against the previous year. The import price peaked at $X per kg in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the UK ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :