Thailand - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Export of Toluene Jumps 23%, Reaching $220 Million in 2024
Thailand Toluene Exports
In 2024, overseas shipments of toluene increased by 14% to 186K tons for the first time since 2021, thus ending a two-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. The exports peaked at 312K tons in 2021; however, from 2022 to 2024, the exports remained at a lower figure.
In value terms, toluene exports skyrocketed to $220M (IndexBox estimates) in 2024. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of $248M. From 2022 to 2024, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Toluene in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| India | 70.9 | 56.1 | 66.5 | 92.0 | 93.4 | 98.0 | 97.1 | 154 | 142 | 99.9 | 140 |
| Vietnam | 16.0 | 18.8 | 16.6 | 19.2 | 35.3 | 27.6 | 24.9 | 42.4 | 55.7 | 35.1 | 36.7 |
| Indonesia | 41.2 | 25.4 | 27.6 | 27.2 | 29.4 | 24.0 | 15.3 | 17.4 | 32.6 | 17.2 | 17.4 |
| Singapore | 2.4 | 10.6 | 2.1 | 4.3 | 3.7 | 4.6 | 1.8 | 16.6 | 7.3 | 18.4 | 14.2 |
| Malaysia | N/A | 5.0 | 1.3 | 10.9 | 12.7 | 9.0 | 2.1 | 4.1 | 1.0 | 2.0 | 8.0 |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0.8 | N/A | 0.7 | 0.5 | 1.6 | 1.2 | 4.2 |
| China | 84.5 | 54.3 | 50.4 | 37.4 | 15.3 | 5.4 | 14.0 | 10.5 | N/A | 2.6 | N/A |
| Others | 0.1 | 0.1 | 0.1 | 4.2 | 0.2 | 0.1 | 0.2 | 2.6 | 0.1 | 2.6 | 0.2 |
| Total | 215 | 170 | 165 | 195 | 191 | 169 | 156 | 248 | 240 | 179 | 220 |
Exports by Country
India (116K tons) was the main destination for toluene exports from Thailand, with a 62% share of total exports. Moreover, toluene exports to India exceeded the volume sent to the second major destination, Vietnam (31K tons), fourfold. The third position in this ranking was held by Indonesia (17K tons), with a 9% share.
From 2014 to 2024, the average annual growth rate of volume to India totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.3% per year) and Indonesia (-8.3% per year).
In value terms, India ($140M) remains the key foreign market for toluene exports from Thailand, comprising 63% of total exports. The second position in the ranking was held by Vietnam ($37M), with a 17% share of total exports. It was followed by Indonesia, with a 7.9% share.
From 2014 to 2024, the average annual rate of growth in terms of value to India stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.7% per year) and Indonesia (-8.3% per year).
Export Prices by Country
In 2024, the toluene price stood at $1,184 per ton (FOB, Thailand), growing by 8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs in 2024 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2024, amid the top suppliers, the highest price was recorded for prices to Singapore ($1,212 per ton) and India ($1,202 per ton), while the average price for exports to China ($948 per ton) and Indonesia ($1,041 per ton) were amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the toluene 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 20141225 - Toluene
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
