Sharp Decrease in Tin Exports from Thailand in July 2023, Plummeting to $9.6M

Sharp Decrease in Tin Exports from Thailand in July 2023, Plummeting to $9.6M

Thailand Tin Exports

In July 2023, Thailand experienced a significant decline in tin exports, with a decrease of 28.3% compared to the previous month's figures. Despite this decline, overall exports have shown a relatively flat trend. The most rapid growth was observed in June 2023, with a staggering increase of 302% month-on-month.

In terms of value, tin exports from Thailand dropped to $9.6M in July 2023. Similar to the export volume, the overall trend in export value remained relatively steady. The highest growth rate was recorded in June 2023, with a 315% month-on-month increase, reaching a peak of $12M before sharply declining in the following month.

Thailand Tin Exports By Country (Million USD)

Exports by Country

South Korea (105 tons), Japan (82 tons), and the Netherlands (50 tons) were the primary destinations for tin exports from Thailand, accounting for a combined 71% share of the total exports.

From July 2022 to July 2023, South Korea experienced the highest growth rate among the main destination countries, with a CAGR of +5.5%, while other leading countries had slower growth.

In terms of value, South Korea ($2.9M), Japan ($2.4M), and the Netherlands ($1.3M) were the largest markets for tin exported from Thailand, comprising 70% of the total exports.

South Korea had the highest growth rate in terms of export value, with a CAGR of +4.5% compared to other major destination countries.

Export Prices by Country

In July 2023, the tin price per ton (FOB, Thailand) was $28,672, showing a growth rate of 7.6% compared to the previous month. The overall export price trend remained relatively stable, with the most significant growth observed in September 2022 when the average export price increased by 74% compared to the previous month. The export price reached its peak in July 2023.

The average prices varied for different foreign markets. The United States ($30,691 per ton) and Taiwan (Chinese) ($30,256 per ton) had the highest prices, while the Netherlands ($26,689 per ton) and South Korea ($27,959 per ton) had relatively lower average export prices.

From July 2022 to July 2023, the United States saw the most notable growth rate in export prices, with an increase of 2.0%, while the other major destination countries experienced slower growth in prices.



Source: IndexBox Market Intelligence Platform

Comments

Post a Comment

Popular posts from this blog

China's Import of Diethanolamine Decreases Slightly to $4.8 Million in June 2023

Image
China Diethanolamine Imports In June 2023, China imported approximately 5.5K tons of diethanolamine and its salts, marking a 14.3% decline compared to the previous month. Overall, imports showed a relatively steady trend. The highest growth rate occurred in May 2023, with a 475% month-to-month increase. In terms of value, diethanolamine imports in June 2023 reached $4.8M according to IndexBox estimates. Imports continued to contract during the review period. The most rapid growth rate occurred in May 2023, with a 486% increase compared to the previous month. Imports by Country In June 2023, Saudi Arabia was the largest supplier of diethanolamine to China, accounting for 72% of total imports with 4K tons. Malaysia, the second-largest supplier, only provided 552 tons, a sevenfold difference compared to Saudi Arabia. Between June 2022 and June 2023, the average monthly growth rate of volume from Saudi Arabia was relatively modest. In terms of value, Saudi Arabia constituted 72% of total i
Read more

Maleic Anhydride Imports in Turkey Experience a Significant 36% Decrease in July 2023, Totaling $4M

Image
In July 2023, the volume of maleic anhydride imports in Turkey declined by 32.1% to 3.9K tons, marking the second consecutive month of decline after three months of growth. However, overall imports showed a noticeable expansion, with the most rapid growth recorded in August 2022 at a 140% increase compared to the previous month. In terms of value, maleic anhydride imports saw a significant drop to $4M in July 2023, according to estimates from IndexBox. Imports experienced a pronounced shrinkage during the review period, with the most pronounced growth occurring in August 2022, reaching a peak of $12M. From September 2022 to July 2023, import growth remained at a slightly lower figure. Russia, China, and South Korea were the main suppliers of maleic anhydride imports to Turkey, accounting for a combined 91% share of total imports. During the period from July 2022 to July 2023, Russia experienced the highest growth rate in terms of volume, with a CAGR of +24.0%, while other leading sup
Read more

Top Countries for Importing Chocolate and Confectionery Products Worldwide

Image
Chocolate and confectionery products have always been beloved treats across the globe due to their delicious flavors and indulgent qualities. As a result, the chocolate and confectionery industry has become a thriving sector, with many countries involved in the import and export of these delightful treats. In this article, we will discuss the leading import markets for chocolate and confectionery products worldwide, supported by data and statistics from the IndexBox market report. 1. United States The United States holds the top spot as the largest import market for chocolate and confectionery products with an impressive import value of $10.366 billion in 2022. The American population's deep love for sweets makes it a highly sought-after destination for confectionery imports. With a wide range of options available, from artisanal chocolates to iconic candy brands, the U.S. market caters to the diverse preferences of chocolate and confectionery enthusiasts. The country's large c
Read more