Salts; Sodium Dichromate Price in Thailand - 2023

Salts; Sodium Dichromate Price in Thailand (CIF) - 2022

The average salts; sodium dichromate import price stood at $1,249 per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. The import price peaked at $1,787 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($2,514 per ton), while the price for South Africa ($941 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 (+0.9%), while the prices for the other major suppliers experienced a decline.

Salts; Sodium Dichromate Price in Thailand (FOB) - 2022

The average salts; sodium dichromate export price stood at $3,252 per ton in 2022, growing by 29% against the previous year. In general, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($5,000 per ton), while the average price for exports to Myanmar totaled $3,251 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Salts; Sodium Dichromate Imports in Thailand

For the fourth year in a row, Thailand recorded growth in supplies from abroad of salts; sodium dichromate, which increased by 77% to 3.2K tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 361%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, salts; sodium dichromate imports skyrocketed to $4M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 270%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Salts; Sodium Dichromate in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	146	223	115	1,558	120.2%
South Africa	N/A	1,246	1,298	1,201	-1.8%
India	2.1	0.1	546	842	637.4%
United States	223	330	249	326	13.5%
Japan	0.9	109	39.4	113	400.7%
Others	143	0.5	42.5	1.7	-77.2%
Total	515	1,908	2,290	4,041	98.7%

Top Suppliers of Salts; Sodium Dichromate to Thailand in 2022:

Kazakhstan (1349.8 tons)
South Africa (1276.2 tons)
India (399.8 tons)
United States (129.5 tons)
Japan (80.0 tons)

Salts; Sodium Dichromate Exports in Thailand

For the third consecutive year, Thailand recorded decline in shipments abroad of salts; sodium dichromate, which decreased by -42% to 2 tons in 2022. Overall, exports showed a significant contraction.

In value terms, salts; sodium dichromate exports plummeted to $6.5K in 2022. In general, exports continue to indicate a sharp contraction.