Thailand: Market for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine 2024

Market Size for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine in Thailand

For the third year in a row, the Thai market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Exports from Thailand

In 2022, approx. X tons of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine were exported from Thailand; rising by X% against 2021. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons) were the main destinations of exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine from Thailand, with a combined X% share of total exports. Malaysia, India, China, Austria, Bangladesh and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine exported from Thailand were Vietnam ($X), India ($X) and the Philippines ($X), together accounting for X% of total exports. China, Indonesia, Malaysia, Austria, Bangladesh and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X.9%, recorded 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 2022, the average export price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Imports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Imports into Thailand

In 2022, the amount of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine imported into Thailand contracted to X tons, reducing by X% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine rose rapidly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine to Thailand, accounting for a X% share of total imports. Moreover, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine to Thailand, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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