Thailand: Abs Copolymers Market 2024

Abs Copolymers Market Size in Thailand

In 2021, the Thai ABS copolymers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a noticeable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Production in Thailand

In value terms, ABS copolymers production surged to $X in 2021 estimated in export price. Overall, production posted resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 82%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Abs Copolymers Exports

Exports from Thailand

In 2021, approx. X tons of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were exported from Thailand; reducing by -14.5% against the year before. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.6% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 44% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ABS copolymers exports surged to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for ABS copolymers exports from Thailand, accounting for a 53% share of total exports. Moreover, ABS copolymers exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+14.4% per year) and Germany (+2.0% per year).

In value terms, China ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Thailand, comprising 44% of total exports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total exports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+12.2% per year) and Germany (+3.4% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, with an increase of 77% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Thailand

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 13% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ABS copolymers imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of ABS copolymers to Thailand, accounting for a 52% share of total imports. Moreover, ABS copolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.6% per year) and Japan (-2.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Thailand, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.4% per year) and Japan (-5.0% per year).

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, increasing by 36% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and China ($X per ton), while the price for Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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