Thailand: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Thailand

In 2022, the Thai cyclanic, cyclenic hydrocarbons derivatives market increased by 17% to $X, rising for the third consecutive year after two years of decline. In general, consumption posted a resilient increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Thailand

In value terms, cyclanic, cyclenic hydrocarbons derivatives production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports from Thailand

In 2022, overseas shipments of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons decreased by -36.5% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 109%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports fell rapidly to $X in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 98% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Singapore (X tons) and India (X tons) were the main destinations of cyclanic, cyclenic hydrocarbons derivatives exports from Thailand, with a combined 92% share of total exports. These countries were followed by the Philippines, which accounted for a further 7.6%. Moreover, cyclanic, cyclenic hydrocarbons derivatives exports in Malaysia exceeded the figures recorded by the second-largest exporter, Singapore, twofold.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +146.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cyclanic, cyclenic hydrocarbons derivatives exported from Thailand were Malaysia ($X), Singapore ($X) and India ($X), with a combined 88% share of total exports. These countries were followed by the Philippines, which accounted for a further 12%.

Among the main countries of destination, the Philippines, with a CAGR of +118.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cyclanic, cyclenic hydrocarbons derivatives export price stood at $X per ton in 2022, waning by -46% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 Australia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports into Thailand

In 2022, supplies from abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons increased by 64% to X kg, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 57,958%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 68,665%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X kg), the United States (X kg) and China (X kg) were the main suppliers of cyclanic, cyclenic hydrocarbons derivatives imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +20.8%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest cyclanic, cyclenic hydrocarbons derivatives suppliers to Thailand.

In terms of the main suppliers, Germany, with a CAGR of +54.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives import price amounted to $X per ton, surging by 77% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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