Sulphates; of Copper Price in Thailand - 2023
Contents:
- Sulphates; of Copper Price in Thailand (FOB) - 2023
- Sulphates; of Copper Price in Thailand (CIF) - 2023
- Sulphates; of Copper Exports in Thailand
- Sulphates; of Copper Imports in Thailand
Sulphates; of Copper Price in Thailand (FOB) - 2023
The average sulphates; of copper export price stood at $2,357 per ton in July 2023, dropping by -4.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 8.7% month-to-month. As a result, the export price attained the peak level of $2,766 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($4,202 per ton), while the average price for exports to Taiwan (Chinese) ($1,889 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Copper Price in Thailand (CIF) - 2023
The average sulphates; of copper import price stood at $2,483 per ton in July 2023, shrinking by -30.7% against the previous month. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 24% against the previous month. As a result, import price attained the peak level of $3,584 per ton, and then contracted dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($10,024 per ton), while the price for Taiwan (Chinese) ($2,348 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Copper Exports in Thailand
In 2022, approx. 9.9K tons of sulphates; of coppers were exported from Thailand; increasing by 4.1% compared with the previous year's figure. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +78.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 52%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, sulphates; of copper exports surged to $27M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Sulphates; of Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.6 | 3.1 | 6.5 | 10.7 | 43.8% |
| Vietnam | 3.9 | 4.2 | 6.9 | 6.9 | 20.9% |
| South Korea | 2.4 | 2.1 | 3.6 | 2.6 | 2.7% |
| Taiwan (Chinese) | N/A | N/A | 2.2 | 2.5 | 13.6% |
| Japan | 1.4 | 1.9 | 1.9 | 1.8 | 8.7% |
| Australia | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Malaysia | N/A | 0.2 | N/A | 0.5 | 58.1% |
| Others | 0.4 | 0.7 | 0.9 | 1.1 | 40.1% |
| Total | 12.1 | 12.5 | 22.6 | 27.0 | 30.7% |
Top Export Markets for Sulphates; of Copper from Thailand in 2022:
- Indonesia (4.2K tons)
- Vietnam (2.5K tons)
- Taiwan (Chinese) (1.2K tons)
- South Korea (0.6K tons)
- Japan (0.5K tons)
- Australia (0.3K tons)
- Malaysia (0.2K tons)
Sulphates; of Copper Imports in Thailand
In 2022, overseas purchases of sulphates; of coppers decreased by -29.7% to 760 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 28%. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of copper imports shrank to $2.7M in 2022. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 30%. As a result, imports reached the peak of $4.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Copper in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,151 | 1,190 | 1,314 | 1,532 | 10.0% |
| China | 583 | 383 | 780 | 682 | 5.4% |
| Taiwan (Chinese) | 1,382 | 2,428 | 772 | 302 | -39.8% |
| India | 9.6 | 102 | 95.1 | 96.9 | 116.1% |
| Others | 118 | 123 | 232 | 108 | -2.9% |
| Total | 3,245 | 4,226 | 3,193 | 2,721 | -5.7% |
Top Suppliers of Sulphates; of Copper to Thailand in 2022:
- Japan (431.7 tons)
- China (169.6 tons)
- Taiwan (Chinese) (120.0 tons)
- India (25.2 tons)
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