Price for Hydroxide and Peroxide of Magnesium in Thailand - 2023

Contents:

1. Price for Hydroxide and Peroxide of Magnesium in Thailand (CIF) - 2023
2. Price for Hydroxide and Peroxide of Magnesium in Thailand (FOB) - 2022
3. Imports of Hydroxide and Peroxide of Magnesium in Thailand
4. Exports of Hydroxide and Peroxide of Magnesium in Thailand

Price for Hydroxide and Peroxide of Magnesium in Thailand (CIF) - 2023

The average import price for hydroxide and peroxide of magnesia stood at $2,616 per ton in September 2023, picking up by 8.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices attained the maximum at $2,919 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($25,203 per ton), while the price for India ($1,610 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in Thailand (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $1,410 per ton in 2022, which is down by -18.9% against the previous year. Overall, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 37%. As a result, the export price attained the peak level of $2,380 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Myanmar ($3,492 per ton), while the average price for exports to Singapore ($596 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 Myanmar (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Hydroxide and Peroxide of Magnesium in Thailand

In 2022, purchases abroad of hydroxide and peroxide of magnesia increased by 5.7% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a drastic downturn.

In value terms, hydroxide and peroxide of magnesium imports expanded markedly to $2.9M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period.

Top Suppliers of Hydroxide and Peroxide of Magnesium to Thailand in 2022:

1. Japan (596.5 tons)
2. China (253.0 tons)
3. United States (110.6 tons)
4. India (74.6 tons)
5. Israel (37.0 tons)
6. South Korea (18.0 tons)

Exports of Hydroxide and Peroxide of Magnesium in Thailand

In 2022, approx. 71 tons of hydroxide and peroxide of magnesia were exported from Thailand; rising by 216% on the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium exports soared to $100K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Hydroxide and Peroxide of Magnesium from Thailand in 2022:

1. Indonesia (33.6 tons)
2. Bangladesh (27.0 tons)
3. Myanmar (6.0 tons)
4. Singapore (3.9 tons)

Source: IndexBox Market Intelligence Platform