Thailand: Alcohols Market 2021

Alcohols Market Size in Thailand

In 2020, the Thai alcohols market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Alcohols consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Alcohols Exports

Exports from Thailand

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives was finally on the rise to reach X tons after two years of decline. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, alcohols exports declined to $X in 2020. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for alcohols exports from Thailand, with a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Australia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Australia (+X% per year).

In value terms, China ($X) remains the key foreign market for alcohols exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Thailand

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported into Thailand rose significantly to X tons, increasing by X% against the previous year. Over the period under review, total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, alcohols imports fell to $X in 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Saudi Arabia (X tons) constituted the largest supplier of alcohols to Thailand, with a X% share of total imports. Moreover, alcohols imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Bahrain (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Saudi Arabia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Bahrain (+X% per year).

In value terms, the largest alcohols suppliers to Thailand were Saudi Arabia ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports. Indonesia, Bahrain, Qatar and Brunei Darussalam lagged somewhat behind, together comprising a further X terms of the main suppliers, Qatar recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brunei Darussalam, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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