Report Update Nov 1, 2024

Thailand - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Thailand

The Thai rare earth metal market soared to $X in 2021, growing by 35% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Rare Earth Metal Production in Thailand

In value terms, rare earth metal production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 141% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Rare Earth Metal Exports

Exports from Thailand

In 2021, after four years of growth, there was significant decline in overseas shipments of rare earth metals, when their volume decreased by -24.2% to X tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 826,000%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, rare earth metal exports skyrocketed to $X in 2021. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 23,999,900%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons), Vietnam (X tons) and China (X kg) were the main destinations of rare earth metal exports from Thailand, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +36.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Vietnam ($X) and China ($X) constituted the largest markets for rare earth metal exported from Thailand worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +58.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average rare earth metal export price amounted to $X per ton, picking up by 92% against the previous year. Overall, the export price showed significant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 2,839% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.9%), while the prices for the other major destinations experienced a decline.

Rare Earth Metal Imports

Imports into Thailand

In 2021, imports of rare earth metals into Thailand soared to X tons, picking up by 37% compared with 2020. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 807% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, rare earth metal imports soared to $X in 2021. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 392% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Vietnam (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of rare earth metal imports to Thailand, with a combined 86% share of total imports. These countries were followed by Estonia and the United States, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +209.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Estonia ($X) appeared to be the largest rare earth metal suppliers to Thailand, together comprising 92% of total imports.

Estonia, with a CAGR of +253.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rare earth metal import price stood at $X per ton in 2021, increasing by 23% against the previous year. In general, the import price, however, recorded a drastic downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

China remains the largest rare earth metal consuming country worldwide, comprising approx. 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Malaysia, with a 12% share.

What are the largest producers of rare earth metals in the world?

China constituted the country with the largest volume of rare earth metal production, comprising approx. 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Myanmar, with a 12% share.

What are the leading suppliers of rare earth metals to Thailand?

In value terms, Vietnam, Malaysia and Estonia constituted the largest rare earth metal suppliers to Thailand, with a combined 92% share of total imports.

What are the leading importers of rare earth metals from Thailand?

In value terms, the largest markets for rare earth metal exported from Thailand were Japan and Vietnam.

What is the average export price for rare earth metals in Thailand?

In 2021, the average rare earth metal export price amounted to $49,277 per ton, picking up by 5.9% against the previous year.

What is the average import price for rare earth metals in Thailand?

The average rare earth metal import price stood at $42,128 per ton in 2021, with a decrease of -6.5% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023