Sulphides; of Sodium Price in Thailand - 2023
Contents:
- Sulphides; of Sodium Price in Thailand (CIF) - 2023
- Sulphides; of Sodium Price in Thailand (FOB) - 2022
- Sulphides; of Sodium Imports in Thailand
- Sulphides; of Sodium Exports in Thailand
Sulphides; of Sodium Price in Thailand (CIF) - 2023
The average sulphides; of sodium import price stood at $642 per ton in June 2023, reducing by -4.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 16% m-o-m. Over the period under review, average import prices hit record highs at $789 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to June 2023, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +10.6% per month.
Sulphides; of Sodium Price in Thailand (FOB) - 2022
The average sulphides; of sodium export price stood at $956 per ton in 2022, picking up by 26% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $1,108 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,105 per ton), while the average price for exports to Myanmar totaled $845 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.0%), while the prices for the other major destinations experienced a decline.
Sulphides; of Sodium Imports in Thailand
In 2022, imports of sulphides; of sodia into Thailand contracted rapidly to 6.6K tons, waning by -16.3% on 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 7.9K tons, and then fell sharply in the following year.
In value terms, sulphides; of sodium imports surged to $4.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Sulphides; of Sodium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 2.4 | 3.7 | 4.5 | 14.5% |
| Taiwan (Chinese) | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Belgium | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.4 | 2.6 | 4.0 | 4.6 | 10.6% |
Top Suppliers of Sulphides; of Sodium to Thailand in 2022:
- Belgium (undefinedK tons)
- China (6.3K tons)
- Taiwan (Chinese) (0.2K tons)
Sulphides; of Sodium Exports in Thailand
For the third consecutive year, Thailand recorded decline in overseas shipments of sulphides; of sodia, which decreased by -33.7% to 33 tons in 2022. In general, exports faced a precipitous contraction. The smallest decline of -0.4% was in 2020.
In value terms, sulphides; of sodium exports shrank rapidly to $32K in 2022. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $78K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sulphides; of Sodium in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | 8.2 | 16.0 | 95.1% |
| Lao People's Democratic Republic | 31.7 | 26.1 | 16.6 | 15.7 | -20.9% |
| Japan | N/A | 8.4 | 4.2 | N/A | -50.0% |
| Cambodia | 18.2 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 39.4 | 9.3 | N/A | -76.4% |
| Others | N/A | 4.2 | N/A | 0.1 | -84.6% |
| Total | 49.9 | 78.1 | 38.2 | 31.8 | -13.9% |
Top Export Markets for Sulphides; of Sodium from Thailand in 2022:
- Myanmar (19.0 tons)
- Lao People's Democratic Republic (14.3 tons)
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