Thailand: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Thailand

The Thai barium or aluminium sulphates market contracted to $X in 2022, reducing by -6.2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Thailand

In value terms, barium or aluminium sulphates production shrank to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -21.1% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 50%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Thailand

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -19% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 2,299%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports declined markedly to $X in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,755%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and Vietnam (X tons) were the main destinations of barium or aluminium sulphates exports from Thailand, together accounting for 93% 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 Myanmar (with a CAGR of +67.6%), while the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Cambodia ($X) and Vietnam ($X) were the largest markets for barium or aluminium sulphates exported from Thailand worldwide, together comprising 88% of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of +66.7%, saw the highest rates of growth with regard to the value of exports, 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 barium or aluminium sulphates export price amounted to $X per ton, with an increase of 2.5% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 Lao People's Democratic Republic ($X per ton), while the average price for exports to Cambodia ($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 Singapore (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Thailand

Barium or aluminium sulphates imports into Thailand shrank slightly to X tons in 2022, with a decrease of -3% on 2021. Over the period under review, imports saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 15%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports expanded to $X in 2022. Overall, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest barium or aluminium sulphates supplier to Thailand, with a 67% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.7% per year) and Italy (-3.1% per year).

In value terms, China ($X), Japan ($X) and Italy ($X) constituted the largest barium or aluminium sulphates suppliers to Thailand, together comprising 90% of total imports. India and Indonesia lagged somewhat behind, together comprising a further 6%.

In terms of the main suppliers, India, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, with an increase of 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 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 Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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