Salts; Molybdates Price in Thailand - 2023

Contents:

1. Salts; Molybdates Price in Thailand (CIF) - 2022
2. Salts; Molybdates Price in Thailand (FOB) - 2022
3. Salts; Molybdates Imports in Thailand
4. Salts; Molybdates Exports in Thailand

Salts; Molybdates Price in Thailand (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $21,970 per ton, surging by 34% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +65.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($44,939 per ton), while the price for Malaysia ($3,711 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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Thailand (FOB) - 2022

The average salts; molybdates export price stood at $11,233 per ton in 2022, reducing by -14.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 417% against the previous year. As a result, the export price reached the peak level of $66,340 per ton. From 2015 to 2022, the average 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 the Philippines ($78,548 per ton), while the average price for exports to Indonesia ($7,411 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 the Philippines (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Salts; Molybdates Imports in Thailand

After two years of decline, overseas purchases of salts; molybdateses increased by 6.5% to 168 tons in 2022. In general, imports, however, saw a noticeable descent.

In value terms, salts; molybdates imports soared to $3.7M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Salts; Molybdates to Thailand in 2022:

1. Japan (84.6 tons)
2. India (45.9 tons)
3. China (19.7 tons)
4. Malaysia (8.0 tons)
5. Singapore (7.5 tons)

Salts; Molybdates Exports in Thailand

In 2022, exports of salts; molybdateses from Thailand surged to 40 tons, rising by 148% on 2021 figures. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 5,141%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, salts; molybdates exports surged to $451K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,827% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Salts; Molybdates from Thailand in 2022:

1. Singapore (26.8 tons)
2. Malaysia (8.2 tons)
3. Indonesia (3.0 tons)
4. Vietnam (1.9 tons)

Source: IndexBox Market Intelligence Platform