Thailand: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Thailand

The Thai anti-freezing preparations market expanded slightly to $X in 2021, rising by 1.8% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Anti-Freezing Preparations Production in Thailand

In value terms, anti-freezing preparations production expanded to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Anti-Freezing Preparations Exports

Exports from Thailand

Anti-freezing preparations exports from Thailand soared to X tons in 2021, growing by 33% on the previous year's figure. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 372% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, anti-freezing preparations exports skyrocketed to $X in 2021. Overall, exports posted a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of 354% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of anti-freezing preparations exports from Thailand, with a combined 60% share of total exports. The United Arab Emirates, Myanmar, Pakistan, India and the Philippines lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +154.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and the United Arab Emirates ($X) were the largest markets for anti-freezing preparations exported from Thailand worldwide, with a combined 59% share of total exports. Indonesia, Myanmar, Pakistan, India and the Philippines lagged somewhat behind, together accounting for a further 32%.

Myanmar, with a CAGR of +154.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, declining by -7.3% against the previous year. Overall, the export price showed a pronounced descent. The growth pace was the most rapid in 2018 when the average export price increased by 3.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Indonesia ($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 Myanmar (-0.1%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Thailand

In 2021, the amount of anti-freezing preparations and prepared de-icing fluids imported into Thailand reached X tons, surging by 15% against the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports reached $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), Japan (X tons) and Belgium (X tons) were the main suppliers of anti-freezing preparations imports to Thailand, together comprising 55% of total imports. The United States, Australia, Germany, India, Switzerland, South Korea, China, Malaysia, Italy and the UK lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +96.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Thailand were Japan ($X), Belgium ($X) and the United States ($X), with a combined 51% share of total imports. These countries were followed by Switzerland, Indonesia, Germany, South Korea, Australia, China, India, Malaysia, the UK and Italy, which together accounted for a further 46%.

In terms of the main suppliers, Malaysia, with a CAGR of +90.7%, 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 anti-freezing preparations import price stood at $X per ton in 2021, shrinking by -9.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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