Chlorates; of Sodium Price in Thailand - 2023

Chlorates; of Sodium Price in Thailand (CIF) - 2022

The average chlorates; of sodium import price stood at $626 per ton in 2022, picking up by 24% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $631 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Finland ($865 per ton) and China ($645 per ton), while the price for Canada ($597 per ton) and the United States ($610 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorates; of Sodium Price in Thailand (FOB) - 2022

In 2022, the average chlorates; of sodium export price amounted to $464 per ton, remaining constant against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 1,264%. Over the period under review, the average export prices attained the maximum at $5,600 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -26.4% per year.

Chlorates; of Sodium Imports in Thailand

In 2022, chlorates; of sodium imports into Thailand totaled 21K tons, surging by 12% on 2021. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorates; of sodium imports skyrocketed to $13M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorates; of Sodium in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.8	1.6	1.5	4.8	38.7%
Canada	1.6	1.9	2.9	4.7	43.2%
United States	0.3	0.4	1.0	1.9	85.0%
Sweden	2.5	1.7	0.8	1.5	-15.7%
Finland	2.6	2.9	1.5	0.5	-42.3%
France	1.0	0.9	1.0	N/A	0.0%
Uruguay	N/A	0.7	0.5	N/A	-28.6%
Others	0.1	0.1	0.4	N/A	100.0%
Total	9.9	10.1	9.6	13.3	10.3%

Top Suppliers of Chlorates; of Sodium to Thailand in 2022:

Canada (7.9K tons)
China (7.4K tons)
United States (3.1K tons)
Sweden (2.4K tons)
Finland (0.6K tons)

Chlorates; of Sodium Exports in Thailand

In 2022, overseas shipments of chlorates; of sodia decreased by 0% to 21 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 12,917% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chlorates; of sodium exports amounted to $9.7K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8,266%. As a result, the exports reached the peak of $19K. From 2021 to 2022, the growth of the exports remained at a lower figure.