Price for Inorganic Acids; Other than Hydrogen Fluoride in Thailand - 2023

Contents:

1. Price for Inorganic Acids; Other than Hydrogen Fluoride in Thailand (CIF) - 2022
2. Price for Inorganic Acids; Other than Hydrogen Fluoride in Thailand (FOB) - 2023
3. Imports of Inorganic Acids; Other than Hydrogen Fluoride in Thailand
4. Exports of Inorganic Acids; Other than Hydrogen Fluoride in Thailand

Price for Inorganic Acids; Other than Hydrogen Fluoride in Thailand (CIF) - 2022

In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $2,459 per ton, jumping by 54% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for inorganic acids; other than hydrogen fluorides increased by +93.1% against 2019 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 ($4,242 per ton), while the price for Indonesia ($1,510 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inorganic Acids; Other than Hydrogen Fluoride in Thailand (FOB) - 2023

The average export price for inorganic acids; other than hydrogen fluorides stood at $316 per ton in November 2023, reducing by -35.9% against the previous month. Overall, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 361% m-o-m. The export price peaked at $2,061 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was Vietnam ($437 per ton), while the average price for exports to Indonesia totaled $300 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in Thailand

In 2022, approx. 5.2K tons of inorganic acids; other than hydrogen fluorides were imported into Thailand; increasing by 2.6% against 2021 figures. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% 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 +65.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $13M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Thailand in 2022:

1. China (2796.1 tons)
2. Jordan (1048.7 tons)
3. Israel (579.8 tons)
4. Japan (308.0 tons)
5. United States (199.6 tons)
6. India (125.7 tons)
7. South Korea (89.6 tons)
8. Taiwan (Chinese) (16.0 tons)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in Thailand

In 2022, approx. 4.9K tons of inorganic acids; other than hydrogen fluorides were exported from Thailand; growing by 40% against 2021 figures. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of inorganic acids; other than hydrogen fluorides skyrocketed to $2.8M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Thailand in 2022:

1. Indonesia (3651.5 tons)
2. Myanmar (924.7 tons)
3. Vietnam (257.9 tons)
4. Lao People's Democratic Republic (95.9 tons)

Source: IndexBox Market Intelligence Platform