Thailand - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Methacrylic Acid Esters in Thailand Rose Slightly to $1,428 per Ton
Thailand Methacrylic Acid Esters Export Price in June 2023
In June 2023, the methacrylic acid esters price stood at $1,428 per ton (FOB, Thailand), rising by 1.5% against the previous month. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 12% against the previous month. As a result, the export price reached the peak level of $2,072 per ton. From September 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the country with the highest price was India ($1,932 per ton), while the average price for exports to Indonesia ($1,367 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.9%), while the prices for the other major destinations experienced a decline.
COUNTRY | Export Price of Methacrylic Acid Esters in Thailand (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
India | 2,360 | 2,206 | 2,357 | 1,816 | 1,509 | 1,670 | 1,796 | 1,965 | 1,853 | 1,914 | 1,731 | 1,947 | 1,932 |
Malaysia | 1,837 | 1,797 | 1,644 | 1,534 | 1,365 | 1,486 | 1,444 | 1,440 | 1,342 | 1,408 | 1,371 | 1,355 | 1,384 |
Indonesia | 1,748 | 1,800 | 1,823 | 1,559 | 1,422 | 1,495 | 1,501 | 1,455 | 1,360 | 1,266 | 1,331 | 1,335 | 1,367 |
Netherlands | 2,565 | 2,289 | 2,306 | 1,974 | 2,014 | 2,229 | 2,245 | 2,345 | 1,858 | 1,911 | 2,233 | 1,963 | N/A |
United States | 2,406 | 2,561 | 2,809 | 2,271 | 2,807 | 2,591 | 2,145 | 2,482 | 2,282 | 2,221 | 2,002 | 2,025 | N/A |
China | N/A | 1,354 | 2,282 | 1,169 | 1,179 | 1,288 | 1,981 | N/A | N/A | N/A | N/A | N/A | N/A |
Average | 1,919 | 1,855 | 2,072 | 1,505 | 1,558 | 1,577 | 1,583 | 1,633 | 1,469 | 1,458 | 1,509 | 1,407 | 1,428 |
Thailand Methacrylic Acid Esters Exports
In June 2023, after two months of growth, there was significant decline in shipments abroad of esters of methacrylic acid, when their volume decreased by -53.3% to 6.1K tons. Overall, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in February 2023 with an increase of 123% against the previous month.
In value terms, methacrylic acid esters exports reduced rapidly to $8.7M (IndexBox estimates) in June 2023. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in February 2023 when exports increased by 101% against the previous month.
Thailand Methacrylic Acid Esters Exports by Country
Indonesia (3K tons), Malaysia (2.3K tons) and Japan (199 tons) were the main destinations of methacrylic acid esters exports from Thailand, with a combined 90% share of total exports. Vietnam and India lagged somewhat behind, together accounting for a further 4.4%.
From June 2022 to June 2023, the biggest increases were in Vietnam (with a CAGR of +2.1%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for methacrylic acid esters exported from Thailand were Indonesia ($4.1M), Malaysia ($3.2M) and Japan ($414K), with a combined 88% share of total exports. These countries were followed by India and Vietnam, which together accounted for a further 4.9%.
Among the main countries of destination, Vietnam, with a CAGR of -0.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.
This report provides an in-depth analysis of the methacrylic acid esters 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 20143340 - Esters of methacrylic acid
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