Thailand: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2025

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Thailand

In 2022, the Thai sulphides, dithionites and sulphoxylates market increased by 16% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Thailand

In 2022, exports of sulphides, polysulphides, dithionites and sulphoxylates from Thailand declined dramatically to X tons, shrinking by -61.9% on the previous year. In general, exports recorded a mild setback. The pace of growth was the most pronounced in 2018 when exports increased by 204% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 301%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of sulphides, dithionites and sulphoxylates exports from Thailand, together comprising 85% 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 Indonesia (with a CAGR of +156.1%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Thailand, comprising 82% of total exports. The second position in the ranking was taken by China ($X), with a 7.5% share of total exports. It was followed by Myanmar, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +224.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.2% per year) and Myanmar (+17.3% per year).

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2022, jumping by 171% against the previous year. Over the period under review, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Indonesia (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Thailand

In 2022, after two years of growth, there was significant decline in overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates, when their volume decreased by -8.3% to X tons. Overall, imports showed a slight downturn. The growth pace was the most rapid in 2016 with an increase of 19%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to Thailand, accounting for a 83% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.8% per year) and Germany (-8.4% per year).

In value terms, China ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to Thailand, comprising 65% of total imports. The second position in the ranking was taken by India ($X), with a 9% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.8% per year) and Germany (-6.2% per year).

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, rising by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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