Thailand: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Thailand

The Thai enamels and glazes market skyrocketed to $X in 2021, growing by 19% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Enamels and glazes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Enamels And Glazes Production in Thailand

In value terms, enamels and glazes production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 28%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Enamels And Glazes Exports

Exports from Thailand

In 2021, overseas shipments of vitrifiable enamels and glazes for ceramics, enamelling or glass were finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 757% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, enamels and glazes exports soared to $X in 2021. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 485%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for enamels and glazes exports from Thailand, accounting for a 50% share of total exports. Moreover, enamels and glazes exports to Vietnam exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+145.8% per year) and Indonesia (+101.3% per year).

In value terms, the largest markets for enamels and glazes exported from Thailand were Indonesia ($X), Vietnam ($X) and Bangladesh ($X), with a combined 87% share of total exports.

Bangladesh, with a CAGR of +113.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average enamels and glazes export price amounted to $X per ton, rising by 9.3% against the previous year. In general, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (+1.3%), while the prices for the other major destinations experienced a decline.

Enamels And Glazes Imports

Imports into Thailand

In 2021, the amount of vitrifiable enamels and glazes for ceramics, enamelling or glass imported into Thailand soared to X tons, growing by 27% on the year before. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, enamels and glazes imports surged to $X in 2021. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of enamels and glazes to Thailand, accounting for a 44% share of total imports. Moreover, enamels and glazes imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Taiwan (Chinese) (+2.7% per year).

In value terms, Japan ($X) constituted the largest supplier of vitrifiable enamels and glazes for ceramics, enamelling or glass to Thailand, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and South Korea (+52.4% per year).

Import Prices by Country

The average enamels and glazes import price stood at $X per ton in 2021, surging by 28% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 43%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :