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Thailand - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Thailand - Herbicides - Market Analysis, Forecast, Size, Trends and Insights

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Sep 20, 2023

Price of Herbicide in Thailand Drops by 12%, Reaching Average of $2,171 per Ton Following Three Months of Decline

Thailand Herbicide Import Price in July 2023

In July 2023, the herbicide price stood at $2,171 per ton (CIF, Thailand), shrinking by -12.5% against the previous month. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 22% m-o-m. The import price peaked at $5,964 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Israel ($6,408 per ton), while the price for China ($1,782 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Thailand Herbicide Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Herbicide in Thailand (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Israel6,0266,3848,0797,37112,2886,2397,1195,2346,61313,0525,6167,4036,408
India4,4224,9974,2793,9283,9444,0534,8804,1003,0953,9084,7133,5933,100
Poland2,5513,7402,7343,9283,0592,9353,9332,8022,7993,8173,6552,7592,913
Malaysia4,0114,8815,1275,5814,9154,8024,2744,1954,2863,9563,5733,9712,544
China4,4724,5874,0475,1285,2394,5863,8273,5333,1223,0192,3951,8911,782
Average4,6654,8934,7865,8435,9644,8334,1633,8953,6783,8072,9212,4792,171

Thailand Herbicide Imports

In July 2023, overseas purchases of herbicides decreased by -3.8% to 12K tons for the first time since April 2023, thus ending a two-month rising trend. Over the period under review, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in March 2023 with an increase of 102% month-to-month.

In value terms, herbicide imports reduced notably to $27M (IndexBox estimates) in July 2023. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in March 2023 when imports increased by 91% month-to-month. As a result, imports reached the peak of $46M. From April 2023 to July 2023, the growth of imports remained at a lower figure.

Thailand Herbicide Imports by Country

In July 2023, China (11K tons) constituted the largest supplier of herbicide to Thailand, with a 89% share of total imports. It was followed by Malaysia (330 tons), with a 2.7% share of total imports. India (303 tons) ranked third in terms of total imports with a 2.4% share.

From July 2022 to July 2023, the average monthly growth rate of volume from China stood at +2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-9.4% per month) and India (+6.5% per month).

In value terms, China ($20M) constituted the largest supplier of herbicide to Thailand, comprising 73% of total imports. The second position in the ranking was held by Israel ($1.3M), with a 4.7% share of total imports. It was followed by India, with a 3.5% share.

From July 2022 to July 2023, the average monthly growth rate of value from China totaled -4.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Israel (-3.5% per month) and India (+3.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the herbicide 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
  • Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
  • Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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