Thailand - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 2023, Thailand's Salicylic Acid Imports Reach An Average of $5.3 Million
Thailand Salicylic Acid Imports
In 2023, overseas purchases of salicylic acid and its salts decreased by -13.7% to 1.6K tons, falling for the second year in a row after two years of growth. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, imports attained the maximum at 2.6K tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
In value terms, salicylic acid imports declined modestly to $5.3M (IndexBox estimates) in 2023. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at $6.9M in 2013; however, from 2014 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Salicylic Acid in Thailand (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| France | 2,069 | 1,716 | 1,698 | 1,094 | 1,644 | 3,732 | 4,511 | 3,370 | 3,583 | 4,024 | 4,009 |
| China | 340 | 415 | 473 | 707 | 878 | 1,123 | 897 | 513 | 731 | 699 | 509 |
| Spain | 0.6 | 3.3 | 0.5 | 1.5 | 10.1 | 30.3 | 74.9 | 68.6 | 78.2 | 131 | 324 |
| Germany | 112 | 163 | 121 | 111 | 70.7 | 144 | 91.7 | 131 | 127 | 139 | 245 |
| India | 2.0 | 12.6 | 23.1 | 23.5 | 21.2 | 86.1 | 135 | 268 | 170 | 226 | 136 |
| Japan | 89.9 | 83.6 | 68.0 | 83.4 | 57.9 | 108 | 93.8 | 79.6 | 70.4 | 53.1 | 80.5 |
| Brazil | 4,213 | 4,293 | 2,757 | 2,644 | 1,310 | N/A | N/A | 0.1 | N/A | 0.6 | 1.6 |
| Others | 30.0 | 50.7 | 59.9 | 38.8 | 54.2 | 27.1 | 22.1 | 13.8 | 37.1 | 92.1 | 42.0 |
| Total | 6,857 | 6,737 | 5,200 | 4,703 | 4,046 | 5,251 | 5,825 | 4,445 | 4,797 | 5,365 | 5,348 |
Imports by Country
In 2023, France (1.4K tons) constituted the largest supplier of salicylic acid to Thailand, with a 87% share of total imports. Moreover, salicylic acid imports from France exceeded the figures recorded by the second-largest supplier, China (153 tons), ninefold. The third position in this ranking was held by India (23 tons), with a 1.4% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from France stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.8% per year) and India (+46.6% per year).
In value terms, France ($4M) constituted the largest supplier of salicylic acid and its salts to Thailand, comprising 75% of total imports. The second position in the ranking was taken by China ($509K), with a 9.5% share of total imports. It was followed by Spain, with a 6.1% share.
From 2013 to 2023, the average annual growth rate of value from France totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and Spain (+88.0% per year).
Import Prices by Country
In 2023, the salicylic acid price stood at $3,289 per ton (CIF, Thailand), increasing by 16% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2019 an increase of 35% against the previous year. As a result, import price reached the peak level of $3,328 per ton. From 2020 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($35,841 per ton), while the price for France ($2,820 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the salicylic 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 21101030 - Salicylic acid and its salts
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
