Thailand: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Thailand

In 2022, the Thai cyclic hydrocarbons market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated slight 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 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cyclic Hydrocarbons Production in Thailand

In value terms, cyclic hydrocarbons production dropped to $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Cyclic hydrocarbons production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Thailand

In 2022, approx. X tons of cyclic hydrocarbons were exported from Thailand; reducing by X% on the year before. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports shrank significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cyclic hydrocarbons exports from Thailand, accounting for a X% share of total exports. Moreover, cyclic hydrocarbons exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

In value terms, China ($X) remains the key foreign market for cyclic hydrocarbons exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Belgium ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of cyclic hydrocarbons, when their volume decreased by X% to X tons. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports dropped rapidly to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of cyclic hydrocarbons to Thailand, accounting for a X% share of total imports. Moreover, cyclic hydrocarbons imports from Singapore exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. Oman (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 Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Oman (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of cyclic hydrocarbons to Thailand, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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