Thailand - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand Sees Significant Drop in Saturated Acyclic Monocarboxylic Acids Imports, Falls to $319M in 2023
Thailand Saturated Acyclic Monocarboxylic Acids Imports
In 2023, purchases abroad of saturated acyclic monocarboxylic acids decreased by -12.7% to 345K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated pronounced growth from 2013 to 2023: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -34.4% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of 525K tons. From 2022 to 2023, the growth of imports failed to regain momentum.
In value terms, saturated acyclic monocarboxylic acids imports contracted rapidly to $319M (IndexBox estimates) in 2023. Over the period under review, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $479M. From 2022 to 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Saturated Acyclic Monocarboxylic Acids in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 55.4 | 77.5 | 74.1 | 62.5 | 71.5 | 115 | 78.9 | 72.7 | 127 | 122 | 99.9 |
| Singapore | 70.5 | 89.2 | 64.2 | 60.1 | 83.5 | 98.1 | 65.0 | 70.0 | 165 | 152 | 92.8 |
| Malaysia | 57.6 | 64.2 | 52.0 | 43.1 | 46.1 | 69.9 | 39.1 | 36.4 | 84.3 | 78.7 | 48.1 |
| Indonesia | 8.9 | 5.1 | 7.0 | 9.8 | 13.7 | 14.6 | 9.5 | 9.9 | 16.5 | 19.9 | 14.4 |
| United States | 8.9 | 7.9 | 8.1 | 7.1 | 5.6 | 10.2 | 6.1 | 7.6 | 12.5 | 18.3 | 14.1 |
| Japan | 12.9 | 17.7 | 12.2 | 8.9 | 9.5 | 10.1 | 10.7 | 8.7 | 12.8 | 12.3 | 10.4 |
| Taiwan (Chinese) | 19.3 | 13.7 | 10.8 | 9.4 | 7.9 | 17.3 | 7.7 | 8.7 | 14.9 | 12.7 | 8.6 |
| Others | 46.2 | 39.5 | 26.5 | 28.3 | 32.1 | 28.8 | 28.3 | 29.5 | 46.0 | 34.8 | 30.4 |
| Total | 280 | 315 | 255 | 229 | 270 | 364 | 245 | 244 | 479 | 451 | 319 |
Imports by Country
Singapore (129K tons), China (104K tons) and Malaysia (64K tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Thailand, together accounting for 86% of total imports.
From 2013 to 2023, the biggest increases were recorded for China (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Thailand were China ($100M), Singapore ($93M) and Malaysia ($48M), together accounting for 76% of total imports.
China, with a CAGR of +6.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Acetic acid (120K tons), esters of acetic acid (excluding ethyl acetate) (104K tons) and ethyl acetate (62K tons) were the main products of saturated acyclic monocarboxylic acids imports to Thailand, together comprising 83% of total imports. Lauric acid and other acids, their salts and esters, mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters, palmitic acid, stearic acid, their salts and esters, formic acid, its salts and esters, acetic anhydride and salts of acetic acid lagged somewhat behind, together comprising a further 17%.
From 2013 to 2023, the biggest increases were recorded for palmitic acid, stearic acid, their salts and esters (with a CAGR of +8.3%), while purchases for the other products experienced more modest paces of growth.
In value terms, saturated acyclic monocarboxylic acids with the largest imports in Thailand were esters of acetic acid (excluding ethyl acetate) ($101M), ethyl acetate ($59M) and acetic acid ($58M), with a combined 68% share of total imports. Lauric acid and other acids, their salts and esters, mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters, palmitic acid, stearic acid, their salts and esters, formic acid, its salts and esters, salts of acetic acid and acetic anhydride lagged somewhat behind, together accounting for a further 32%.
Import Prices by Country
In 2023, the saturated acyclic monocarboxylic acids price amounted to $924 per ton (CIF, Thailand), with a decrease of -19% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. The import price peaked at $1,141 per ton in 2022, and then shrank significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,032 per ton), while the price for Singapore ($718 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids 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 20143215 - Ethyl acetate
- Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
- Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
- Prodcom 20143230 -
- Prodcom 20143240 -
- Prodcom 20143250 - Formic acid, its salts and esters
- Prodcom 20143271 - Acetic acid
- Prodcom 20143278 - Salts of acetic acid
- Prodcom 20143280 - Lauric acid and others, salts and esters
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
