Thailand: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Thailand

The Thai aromatic hydrocarbons derivatives market reached $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +12.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.1% against 2019 indices. Aromatic hydrocarbons derivatives consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Aromatic Hydrocarbons Derivatives Production in Thailand

In value terms, aromatic hydrocarbons derivatives production expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +13.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.7% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 91% against the previous year. Aromatic hydrocarbons derivatives production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Thailand

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported from Thailand skyrocketed to X tons, growing by 244% compared with the previous year. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 372% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbons derivatives exports contracted to $X in 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 397%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for aromatic hydrocarbons derivatives exports from Thailand, accounting for a 81% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to Myanmar exceeded the volume sent to the second major destination, Japan (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar stood at +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+153.2% per year) and Malaysia (+161.6% per year).

In value terms, Japan ($X), Myanmar ($X) and Malaysia ($X) appeared to be the largest markets for aromatic hydrocarbons derivatives exported from Thailand worldwide, together accounting for 95% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +202.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, falling by -73.4% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 88%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar ($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 Belgium (+80.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbons Derivatives Imports

Imports into Thailand

For the fifth year in a row, Thailand recorded decline in purchases abroad of halogenated derivatives of aromatic hydrocarbons, which decreased by -5.1% to X tons in 2021. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 108% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.7% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 67% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to Thailand, with a combined 77% share of total imports. These countries were followed by India and Japan, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Belgium ($X) were the largest aromatic hydrocarbons derivatives suppliers to Thailand, together comprising 88% of total imports.

The United States, with a CAGR of +27.8%, 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 mixed trend patterns.

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, increasing by 25% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :