Thailand: Market for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof 2024

Market Size for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Thailand

The Thai market for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof expanded markedly to $X in 2022, growing by 7.9% against the previous year. Over the period under review, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Thailand

In value terms, production of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a tangible increase. The growth pace was the most rapid in 2018 when the production volume increased by 80% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Exports from Thailand

In 2022, shipments abroad of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof decreased by -29.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2014 when exports increased by 106% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof shrank dramatically to $X in 2022. In general, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of 99% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and Bangladesh (X tons) were the main destinations of exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof from Thailand, with a combined 46% share 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 Bangladesh (with a CAGR of +54.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Bangladesh ($X) were the largest markets for cyclanic, cyclenic or cycloterpenic mono- or polyamines exported from Thailand worldwide, with a combined 46% share of total exports.

Bangladesh, with a CAGR of +63.8%, 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 2022, the average export price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof amounted to $X per ton, surging by 3.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India ($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 Bangladesh (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Imports into Thailand

After three years of growth, overseas purchases of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof decreased by -5.3% to X tons in 2022. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 56%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof soared to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cyclanic, cyclenic or cycloterpenic mono- or polyamines to Thailand, with a 63% share of total imports. Moreover, imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and the Czech Republic (+27.7% per year).

In value terms, the largest cyclanic, cyclenic or cycloterpenic mono- or polyamines suppliers to Thailand were China ($X), Germany ($X) and the Czech Republic ($X), together accounting for 93% of total imports.

The Czech Republic, with a CAGR of +26.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price, however, recorded a mild descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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