Thailand - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Acetone Exports Experience Significant Decline to $107M in 2023
Thailand Acetone Exports
Acetone exports from Thailand shrank dramatically to 154K tons in 2023, with a decrease of -24.7% compared with the previous year. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 191%. The exports peaked at 205K tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
In value terms, acetone exports reduced markedly to $107M (IndexBox estimates) in 2023. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of 187%. The exports peaked at $172M in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Acetone in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 78.0 | 42.4 | 14.2 | 39.0 | 64.9 | 89.6 | 66.6 | 118 | 113 | 96.3 | 72.2 |
| India | 5.2 | 0.4 | 8.1 | 25.1 | 43.1 | 35.3 | 13.5 | 27.7 | 27.0 | 22.0 | 29.7 |
| Vietnam | N/A | N/A | 0.4 | 2.3 | 4.4 | 2.5 | 1.0 | 4.4 | 5.0 | 3.8 | 2.9 |
| United States | N/A | N/A | N/A | N/A | N/A | N/A | 1.2 | 4.8 | 17.0 | 8.2 | 0.2 |
| Others | N/A | 0.1 | 0.5 | 0.1 | 0.4 | 0.9 | 0.1 | 0.1 | 10.5 | 1.5 | 1.7 |
| Total | 83.4 | 43.0 | 23.2 | 66.5 | 113 | 128 | 82.4 | 155 | 172 | 132 | 107 |
Exports by Country
China (107K tons) was the main destination for acetone exports from Thailand, with a 70% share of total exports. Moreover, acetone exports to China exceeded the volume sent to the second major destination, India (41K tons), threefold. Vietnam (3.7K tons) ranked third in terms of total exports with a 2.4% share.
From 2013 to 2023, the average annual growth rate of volume to China amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+23.8% per year) and Vietnam (+90.3% per year).
In value terms, China ($72M) remains the key foreign market for acetone exports from Thailand, comprising 68% of total exports. The second position in the ranking was held by India ($30M), with a 28% share of total exports. It was followed by Vietnam, with a 2.7% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.0% per year) and Vietnam (+57.8% per year).
Export Prices by Country
In 2023, the acetone price amounted to $695 per ton (FOB, Thailand), picking up by 7.6% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. Over the period under review, the average export prices attained the maximum at $1,144 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($946 per ton) and Vietnam ($784 per ton), while the average price for exports to China ($675 per ton) and India ($717 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (-4.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the acetone 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 20146211 - Acetone
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
