Price for Bromides; of Sodium or of Potassium in Thailand - 2024
Contents:
- Price for Bromides; of Sodium or of Potassium in Thailand (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in Thailand (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in Thailand
- Exports of Bromides; of Sodium or of Potassium in Thailand
Price for Bromides; of Sodium or of Potassium in Thailand (CIF) - 2022
In 2022, the average import price for bromides; of sodium or of potassia amounted to $2,091 per ton, with an increase of 38% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 bromides; of sodium or of potassia decreased by -18.5% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 41%. The import price peaked at $2,565 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Japan ($8,168 per ton), while the price for Jordan ($1,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bromides; of Sodium or of Potassium in Thailand (FOB) - 2022
In 2022, the average export price for bromides; of sodium or of potassia amounted to $1,467 per ton, falling by -29.9% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 166% against the previous year. Over the period under review, the average export prices hit record highs at $9,229 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,650 per ton), while the average price for exports to Malaysia stood at $1,451 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-11.7%).
Imports of Bromides; of Sodium or of Potassium in Thailand
In 2022, supplies from abroad of bromides; of sodium or of potassia decreased by -92% to 392 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 820%. As a result, imports attained the peak of 4.9K tons, and then fell sharply in the following year.
In value terms, imports of bromides; of sodium or of potassia declined rapidly to $819K in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 444%. As a result, imports attained the peak of $7.5M, and then shrank sharply in the following year.
| Import of Bromides; of Sodium or of Potassium in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | N/A | N/A | 7,045 | 512 | -92.7% |
| China | 51.0 | 217 | 253 | 129 | 36.3% |
| Japan | 96.3 | 78.1 | 103 | 109 | 4.2% |
| India | 189 | 1,018 | 2.1 | 26.5 | -48.0% |
| Singapore | 44.9 | 43.0 | 48.0 | 26.0 | -16.6% |
| Others | 19.6 | 16.9 | 12.6 | 16.5 | -5.6% |
| Total | 401 | 1,373 | 7,463 | 819 | 26.9% |
Top Suppliers of Bromides; of Sodium or of Potassium to Thailand in 2022:
- Jordan (302.0 tons)
- China (48.8 tons)
- India (15.0 tons)
- Japan (13.3 tons)
- Singapore (11.0 tons)
Exports of Bromides; of Sodium or of Potassium in Thailand
In 2022, the amount of bromides; of sodium or of potassia exported from Thailand skyrocketed to 180 tons, with an increase of 52% compared with 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 375%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, exports of bromides; of sodium or of potassia expanded remarkably to $264K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 297%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Bromides; of Sodium or of Potassium in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Malaysia | 16.0 | N/A | 239 | 286.5% | |
| India | N/A | N/A | 24.4 | 0% | |
| Myanmar | 46.4 | 248 | N/A | 434.5% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 62.4 | 248 | 264 | 105.7% | |
Top Export Markets for Bromides; of Sodium or of Potassium from Thailand in 2022:
- Malaysia (165.0 tons)
- India (14.8 tons)
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