Thailand: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Thailand

In 2022, the Thai market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 51% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a perceptible curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Thailand

In 2022, overseas shipments of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -3.9% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 205% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid fell to $X in 2022. Over the period under review, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 182%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) were the main destinations of exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Thailand, with a combined 96% 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 Singapore (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Singapore ($X) were the largest markets for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Thailand worldwide, with a combined 96% share of total exports.

Singapore, with a CAGR of +40.0%, recorded the highest growth rate of the value of exports, in terms of 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 dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, which is down by -6.3% against the previous year. Over the period under review, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of 75%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and India ($X per ton), while the average price for exports to Vietnam ($X per ton) and Singapore ($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 India (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Thailand

In 2022, overseas purchases of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 53% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 119%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid surged to $X in 2022. Overall, imports, however, continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 226% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier to Thailand, accounting for a 74% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.6% per year) and China (+4.2% per year).

In value terms, Malaysia ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Thailand, comprising 69% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.0% per year) and China (+2.7% per year).

Import Prices by Country

The average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, falling by -11.9% against the previous year. Overall, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Japan ($X per ton), while the price for Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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