Thailand: Butanol Market 2024

Butanol Market Size in Thailand

For the third consecutive year, the Thai butanol market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Butanol consumption peaked in 2022 and is expected to retain growth in the immediate term.

Butanol Production in Thailand

In value terms, butanol production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Butanol Exports

Exports from Thailand

After two years of growth, shipments abroad of butanol decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, butanol exports dropped sharply to $X in 2022. Overall, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main destinations of butanol exports from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for butanol exported from Thailand were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average butanol export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Butanol Imports

Imports into Thailand

Butanol imports into Thailand declined markedly to X tons in 2022, waning by X% on the previous year's figure. Overall, imports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butanol imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest butanol supplier to Thailand, with a X% share of total imports. Moreover, butanol imports from Malaysia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Japan (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of butanol to Thailand, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average butanol import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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