Thailand - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Glycol Price in Thailand - 2023
Contents:
- Propylene Glycol Price in Thailand (FOB) - 2023
- Propylene Glycol Price in Thailand (CIF) - 2023
- Propylene Glycol Exports in Thailand
- Propylene Glycol Imports in Thailand
Propylene Glycol Price in Thailand (FOB) - 2023
The average propylene glycol export price stood at $1,270 per ton in September 2023, approximately reflecting the previous month. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in May 2023 an increase of 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,721 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Singapore ($1,876 per ton), while the average price for exports to Taiwan (Chinese) ($995 per ton) was 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 (+1.7%), while the prices for the other major destinations experienced a decline.
Propylene Glycol Price in Thailand (CIF) - 2023
The average propylene glycol import price stood at $1,468 per ton in September 2023, rising by 7.2% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 33% month-to-month. The import price peaked at $1,811 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,212 per ton), while the price for Taiwan (Chinese) ($908 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced a decline.
Propylene Glycol Exports in Thailand
In 2022, overseas shipments of propylene glycol (propane-1,2-diol) decreased by -1.4% to 113K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of 115K tons, and then dropped modestly in the following year.
In value terms, propylene glycol exports totaled $221M in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Propylene Glycol in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.5 | 35.1 | 55.2 | 60.4 | 18.3% |
| Indonesia | 11.5 | 8.0 | 22.5 | 26.3 | 31.8% |
| Singapore | 15.4 | 10.8 | 25.0 | 24.7 | 17.1% |
| Japan | 19.3 | 16.5 | 18.9 | 24.5 | 8.3% |
| Australia | 9.7 | 11.4 | 14.4 | 17.5 | 21.7% |
| India | 7.7 | 6.5 | 13.3 | 14.5 | 23.5% |
| Vietnam | 6.0 | 5.5 | 11.9 | 11.8 | 25.3% |
| Taiwan (Chinese) | 9.0 | 5.2 | 13.4 | 11.6 | 8.8% |
| South Korea | 7.2 | 5.7 | 7.9 | 6.8 | -1.9% |
| Others | 7.4 | 5.8 | 16.2 | 23.1 | 46.1% |
| Total | 130 | 110 | 199 | 221 | 19.3% |
Top Export Markets for Propylene Glycol from Thailand in 2022:
- China (30.9K tons)
- Japan (15.3K tons)
- Singapore (12.7K tons)
- Indonesia (12.4K tons)
- Australia (10.6K tons)
- India (6.9K tons)
- Taiwan (Chinese) (5.9K tons)
- Vietnam (4.9K tons)
- South Korea (3.7K tons)
Propylene Glycol Imports in Thailand
In 2022, imports of propylene glycol (propane-1,2-diol) into Thailand skyrocketed to 7.2K tons, jumping by 16% compared with 2021. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, propylene glycol imports surged to $15M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Propylene Glycol in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.3 | 2.7 | 3.6 | 5.0 | 29.5% |
| China | 1.3 | 1.6 | 3.7 | 3.9 | 44.2% |
| Singapore | 1.7 | 1.2 | 1.8 | 2.6 | 15.2% |
| United States | 1.8 | 1.2 | 2.1 | 1.5 | -5.9% |
| India | 0.1 | 0.3 | 0.6 | 0.8 | 100.0% |
| Italy | N/A | N/A | N/A | 0.3 | 0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 0.2 | 0.8 | 0.6 | 0.9 | 65.1% |
| Total | 7.6 | 7.9 | 12.5 | 15.1 | 25.7% |
Top Suppliers of Propylene Glycol to Thailand in 2022:
- South Korea (2317.5 tons)
- China (2243.4 tons)
- Singapore (1100.5 tons)
- United States (755.1 tons)
- India (328.7 tons)
- Italy (161.4 tons)
- Taiwan (Chinese) (153.8 tons)
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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
-
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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The highest growth rate was reached in August 2023 with a 66% increase from the prior month. The export value of Propylene Glycol soared to $12M in January 2024.
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