On July 12, 2023, the 3rd AMEA Bitumen and Base Oil Convention and Exhibition was held at a Siam Kempinski hotel in Bangkok, Thailand. Mr. Ahmad Reza Yousefi, the CEO of Infinity Galaxy, was the speaker, and the topic was about why Iranian bitumen can be attractive to the Thailand market. You can watch this speech in the video below:
In this conference we discussed the competitive advantages of exporting Iran’s bitumen to Thailand.
We highlighted the price gap between the two countries and how Iran’s high-quality bitumen makes it an attractive market for other players.
Infinity Galaxy stated although Thailand is a major producer, a substantial amount of its demand is supplied from Iran due to factors such as price attraction and packing variety.
We mentioned the production capacity and consumption of bitumen in Thailand, noting that production is expected to increase in the coming years.
We spoke about the various grades of bitumen used in Thailand, most of which are produced in Iran.
We also noticed the import/export rate in Thailand and predicted an increase in bitumen imports from Iran.
The competitive advantages of importing Iran’s bitumen were discussed, including high quality, lower prices compared to other manufacturers, various packings, easier transportation, and efficient shipping services.
We also emphasized the importance of SGS certification for assessing bitumen quality. Additionally, we briefly explained the popularity of base oil in the Thai market.
You can download the below PDF which has more details about Thailand Bitumen and Middle East Price Attractions.
Download “The Outlook of Thailand Bitumen and Middle East Price Attractions“
