Quicklime Market in Thailand
Market Overview
The Thai quicklime market shrank to $
in , dropping 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
In value terms, quicklime production declined to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.
in , dropping 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.In value terms, quicklime production declined to $
in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.Consumption
Quicklime consumption in Thailand fell to tons in , dropping by -% on . Overall, consumption, however, continues to indicate a relatively flat trend pattern. Quicklime consumption peaked at tons in 2018; however, from 2019 to , consumption remained at a lower figure.
The size of the quicklime market in Thailand fell to $ in , reducing 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption failed to regain momentum.
tons in , dropping by -% on . Overall, consumption, however, continues to indicate a relatively flat trend pattern. Quicklime consumption peaked at tons in 2018; however, from 2019 to , consumption remained at a lower figure.The size of the quicklime market in Thailand fell to $
in , reducing 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for quicklime in Thailand, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 quicklime 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 quicklime.
Trade Balance
Thailand remains a net exporter of quicklime; 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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