Thailand - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarboxylic Acid Price in Thailand - 2023
Contents:
- Carboxylic Acid Price in Thailand (FOB) - 2023
- Carboxylic Acid Price in Thailand (CIF) - 2022
- Carboxylic Acid Exports in Thailand
- Carboxylic Acid Imports in Thailand
Carboxylic Acid Price in Thailand (FOB) - 2023
The average carboxylic acid export price stood at $1,067 per ton in September 2023, remaining constant against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 13% m-o-m. Over the period under review, the average export prices hit record highs at $1,452 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the highest price was recorded for prices to India ($1,192 per ton) and Indonesia ($1,178 per ton), while the average price for exports to Japan ($881 per ton) and China ($991 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Carboxylic Acid Price in Thailand (CIF) - 2022
The average carboxylic acid import price stood at $2,562 per ton in 2022, with an increase of 2.3% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.3% against the previous year. Over the period under review, average import prices hit record highs at $3,345 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($7,778 per ton), while the price for Belgium ($1,679 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Carboxylic Acid Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by 0.1% to 96K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 61% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, carboxylic acid exports dropped slightly to $76M in 2022. Overall, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 7.5%.
| Export of Carboxylic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 26.8 | 27.3 | 35.9 | 43.0 | 17.1% |
| Spain | 6.7 | 13.0 | 7.7 | 7.8 | 5.2% |
| Japan | 11.1 | 6.3 | 7.7 | 6.0 | -18.5% |
| China | 13.0 | 11.0 | 8.4 | 5.4 | -25.4% |
| United States | 2.2 | 1.6 | 4.5 | 3.0 | 10.9% |
| India | 5.1 | 3.0 | 3.4 | 2.6 | -20.1% |
| Indonesia | 2.9 | 1.9 | 1.6 | 1.6 | -18.0% |
| Australia | 1.7 | 1.5 | 1.2 | 1.3 | -8.6% |
| Malaysia | 2.9 | 2.2 | 2.1 | 1.3 | -23.5% |
| South Korea | 1.5 | 1.3 | 1.3 | 0.8 | -18.9% |
| Others | 5.5 | 4.4 | 5.3 | 3.5 | -14.0% |
| Total | 79.4 | 73.6 | 79.1 | 76.4 | -1.3% |
Top Export Markets for Carboxylic Acid from Thailand in 2022:
- Netherlands (50.8K tons)
- Spain (9.8K tons)
- Japan (9.4K tons)
- China (6.7K tons)
- United States (4.8K tons)
- India (3.5K tons)
- Indonesia (2.1K tons)
- Australia (2.0K tons)
- Malaysia (2.0K tons)
- South Korea (1.0K tons)
Carboxylic Acid Imports in Thailand
In 2022, purchases abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -15.9% to 25K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. As a result, imports attained the peak of 30K tons, and then contracted rapidly in the following year.
In value terms, carboxylic acid imports contracted to $64M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $74M, and then declined in the following year.
| Import of Carboxylic Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.5 | 19.8 | 31.8 | 29.2 | 29.3% |
| Taiwan (Chinese) | 7.2 | 6.2 | 10.4 | 8.4 | 5.3% |
| Japan | 4.5 | 5.4 | 6.7 | 6.0 | 10.1% |
| South Korea | 3.1 | 3.4 | 5.0 | 5.1 | 18.1% |
| Germany | 2.8 | 2.9 | 3.3 | 2.6 | -2.4% |
| Singapore | 1.9 | 3.5 | 3.7 | 2.3 | 6.6% |
| Netherlands | 2.2 | 2.4 | 2.9 | 2.1 | -1.5% |
| Belgium | 1.0 | 0.8 | 1.2 | 1.0 | 0.0% |
| Others | 10.1 | 8.8 | 8.7 | 7.0 | -11.5% |
| Total | 46.4 | 53.3 | 73.9 | 63.6 | 11.1% |
Top Suppliers of Carboxylic Acid to Thailand in 2022:
- China (15.8K tons)
- Japan (2.1K tons)
- Taiwan (Chinese) (1.9K tons)
- South Korea (1.1K tons)
- Netherlands (0.9K tons)
- Belgium (0.6K tons)
- Singapore (0.5K tons)
- Germany (0.5K tons)
This report provides an in-depth analysis of the carboxylic acid market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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