Thailand: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Thailand

The Thai acyclic hydrocarbons derivatives market surged to $X in 2021, increasing by 44% 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). Over the period under review, consumption saw a relatively flat trend pattern. Acyclic hydrocarbons derivatives consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Thailand

In 2021, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exported from Thailand fell to X tons, with a decrease of -13.3% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 68% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports fell remarkably to $X in 2021. In general, exports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2018 with an increase of 99% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Thailand, with a combined 66% share of total exports. The Philippines, Singapore, China, Myanmar, Lao People's Democratic Republic and Vietnam lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +117.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons derivatives exported from Thailand were India ($X), the Philippines ($X) and Malaysia ($X), with a combined 71% share of total exports.

The Philippines, with a CAGR of +158.7%, saw 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

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, reducing by -3.2% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 the Philippines (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Thailand

Acyclic hydrocarbons derivatives imports into Thailand surged to X tons in 2021, growing by 52% against the year before. In general, imports enjoyed strong growth. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild decrease. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of acyclic hydrocarbons derivatives to Thailand, accounting for a 97% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2% share of total imports. The third position in this ranking was held by the United States (X tons), with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+47.9% per year) and the United States (-16.9% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Thailand, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 2.4% share of total imports. It was followed by Taiwan (Chinese), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.1% per year) and Taiwan (Chinese) (+30.9% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, declining by -10.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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