Thailand: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Thailand

In 2022, after four years of growth, there was significant decline in the Thai halogenated hydrocarbon derivative market, when its value decreased by -28% to $X. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Thailand

In 2022, shipments abroad of halogenated derivatives of hydrocarbons was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 48%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports rose remarkably to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 47%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Thailand, with a combined 99% 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 Indonesia (with a CAGR of +5.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Thailand were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together comprising 97% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +8.4%, 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 more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, which is down by -10.6% against the previous year. In general, the export price, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Thailand

After two years of growth, supplies from abroad of halogenated derivatives of hydrocarbons decreased by -39.4% to X tons in 2022. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, halogenated hydrocarbon derivative imports shrank to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 85%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Thailand, with a 55% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.2% per year) and South Korea (+11.7% per year).

In value terms, Indonesia ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest halogenated hydrocarbon derivative suppliers to Thailand, with a combined 75% share of total imports. South Korea, the United States, Qatar and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Qatar, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, growing by 51% against the previous year. In general, the import price posted notable growth. 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 China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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