Common Clay Market in Thailand
Market Overview
The Thai common clay market shrank to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced decline. Common clay consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, common clay production shrank to $ in estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced decline. Common clay consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, common clay production shrank to $
in estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.Consumption
In , consumption of common clay in Thailand fell to tons, shrinking by -% on . Overall, consumption saw a noticeable setback. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the common clay market in Thailand shrank to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced downturn. Common clay consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, consumption of common clay in Thailand fell to tons, shrinking by -% on . Overall, consumption saw a noticeable setback. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the common clay market in Thailand shrank to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced downturn. Common clay consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for common clay in Thailand, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of common clay in Thailand were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for common clay.
Trade Balance
Thailand remains a net exporter of common clay; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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