Thailand: Steatite Market 2021

Steatite Market Size in Thailand

The Thai steatite market reduced slightly to $X in 2019, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Steatite consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Steatite Exports

Exports from Thailand

In 2019, the amount of steatites exported from Thailand declined remarkably to X tons, dropping by -X% compared with the year before. Over the period under review, exports showed a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, steatite exports shrank to $X in 2019. In general, exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for steatite exports from Thailand, with a X% share of total exports. Moreover, steatite exports to Singapore exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Indonesia (-X% per year).

In value terms, Singapore ($X) remains the key foreign market for steatite exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Vietnam (-X% per year).

Export Prices by Country

In 2019, the average steatite export price amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a tangible increase. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Thailand

In 2019, the amount of steatites imported into Thailand reached X tons, remaining stable against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at X tons in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, steatite imports declined modestly to $X in 2019. Overall, total imports indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of steatite to Thailand, accounting for a X% share of total imports. Moreover, steatite imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (+X% per year).

In value terms, China ($X) constituted the largest supplier of steatite to Thailand, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, falling by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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