Thailand: Zinc Oxide Market 2025

Zinc Oxide Market Size in Thailand

In 2022, the Thai zinc oxide market decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption saw a pronounced contraction. Zinc oxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Zinc Oxide Production in Thailand

In value terms, zinc oxide production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Zinc oxide production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Zinc Oxide Exports

Exports from Thailand

Zinc oxide exports from Thailand amounted to X tons in 2022, leveling off at the previous year's figure. In general, exports posted a strong increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, zinc oxide exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of zinc oxide exports from Thailand, with a combined X% share of total exports. Singapore, New Zealand, Japan, Brazil, the Philippines and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc oxide exported from Thailand were Vietnam ($X), China ($X) and Malaysia ($X), with a combined X% share of total exports. New Zealand, Singapore, Japan, Brazil, the Philippines and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of 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

The average zinc oxide export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a perceptible expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to China ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Thailand

In 2022, supplies from abroad of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, zinc oxide imports fell remarkably to $X in 2022. Over the period under review, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of zinc oxide imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc oxide suppliers to Thailand were Taiwan (Chinese) ($X), China ($X) and India ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 zinc oxide import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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