Thailand: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Thailand

The Thai aromatic polyamines market skyrocketed to $X in 2021, picking up by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aromatic Polyamines Exports

Exports from Thailand

Aromatic polyamines exports from Thailand skyrocketed to X tons in 2021, with an increase of 75% on 2020. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 899% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, aromatic polyamines exports surged to $X in 2021. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 440% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

India (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of aromatic polyamines exports from Thailand, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +256.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic polyamines exported from Thailand were Indonesia ($X), India ($X) and Vietnam ($X), with a combined 67% share of total exports.

Vietnam, with a CAGR of +231.9%, recorded the highest rates of growth with regard to 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

In 2021, the average aromatic polyamines export price amounted to $X per ton, rising by 4.3% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic polyamines export price decreased by -13.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($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 Egypt (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Thailand

In 2021, approx. X tons of aromatic polyamines and their derivatives, salts thereof were imported into Thailand; increasing by 19% against 2020. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 33%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, aromatic polyamines imports surged to $X in 2021. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic polyamines supplier to Thailand, accounting for a 80% share of total imports. Moreover, aromatic polyamines imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.4% per year) and Germany (+59.4% per year).

In value terms, China ($X) constituted the largest supplier of aromatic polyamines and their derivatives, salts thereof to Thailand, comprising 80% of total imports. The second position in the ranking was held by India ($X), with a 5.6% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.7% per year) and South Korea (-6.0% per year).

Import Prices by Country

The average aromatic polyamines import price stood at $X per ton in 2021, picking up by 56% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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