Rubber Accelerator Prices in Thailand Rise Sharply to $2,831 per Ton

Rubber Accelerator Prices in Thailand Rise Sharply to $2,831 per Ton

Thailand Prepared Rubber Accelerators Import Price in July 2023

The price of prepared rubber accelerators in Thailand rose significantly to $2,831 per ton in July 2023, marking a 19% increase compared to the previous month. However, the overall import price continued to show a noticeable decrease. The import price reached its peak at $4,045 per ton in July 2022, but failed to regain momentum from August 2022 to July 2023.

There were substantial variations in average prices among the major supplying countries. In July 2023, Japan had the highest price at $11,083 per ton, while Malaysia had one of the lowest prices at $2,084 per ton.

During the period from July 2022 to July 2023, Japan experienced the most notable growth rate in terms of prices (+0.9%), while the prices for other major suppliers showed mixed trends.

Thailand Prepared Rubber Accelerators Import Prices By Country (USD Per Ton)

Thailand Prepared Rubber Accelerators Imports

In July 2023, the volume of prepared rubber accelerators imports into Thailand drastically decreased to 3K tons, representing a decline of 17.1% compared to the previous month. Overall, total imports showed a modest expansion from July 2022 to July 2023, with an average monthly growth rate of +1.5% over the past twelve-month period. However, there were noticeable fluctuations throughout the analyzed period, and in July 2023, imports decreased by 22.3% compared to May 2023.

In terms of value, prepared rubber accelerators imports slightly decreased to $8.5M (IndexBox estimates) in July 2023. The most significant growth rate was recorded in May 2023 when imports increased by 44% month-on-month, reaching a peak of $10M. From June 2023 to July 2023, the growth of imports remained relatively lower.

Thailand Prepared Rubber Accelerators Imports by Country

In July 2023, China constituted the largest supplier of prepared rubber accelerators to Thailand with a 79% share in total imports, amounting to 2.4K tons. Malaysia, the second-largest supplier, accounted for only 297 tons, which was approximately eight times less than China's imports. South Korea ranked third, contributing 4% of total imports with 120 tons.

From July 2022 to July 2023, China showed an average monthly growth rate of +1.8% in volume, while Malaysia and South Korea had average monthly rates of -1.4% and +6.8% respectively.

In terms of value, China accounted for 74% of total imports, valued at $6.2M. Malaysia held the second position with a 7.3% share, equivalent to $618K, followed by Japan with a 5.8% share.

The average monthly growth rate in value from China from July 2022 to July 2023 was -1.6%, while Malaysia showed a monthly decrease of -2.0% and Japan demonstrated an increase of +2.4% per month.



Source: IndexBox Market Intelligence Platform

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