Thailand: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Thailand

The Thai market for liquid or compressed air and distilled or conductivity water soared to $X in 2021, jumping by 23% against the previous year. Overall, consumption, however, recorded a noticeable descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Thailand

In value terms, liquid air and distilled water production surged to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Thailand

Liquid air and distilled water exports from Thailand fell significantly to X tons in 2021, with a decrease of -20.6% on the previous year's figure. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 25%. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, liquid air and distilled water exports dropped markedly to $X in 2021. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by 79%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons), Indonesia (X tons) and China (X tons) were the main destinations of liquid air and distilled water exports from Thailand, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) appeared to be the largest markets for liquid air and distilled water exported from Thailand worldwide, together accounting for 73% of total exports. These countries were followed by the Philippines, Lao People's Democratic Republic, Myanmar, Vietnam and Maldives, which together accounted for a further 25%.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +17.0%, 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

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, reducing by -8.4% against the previous year. Over the period under review, the export price showed a drastic downturn. The growth pace was the most rapid in 2013 an increase of 90%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 the Philippines ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Myanmar (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Thailand

In 2021, purchases abroad of liquid or compressed air and distilled or conductivity water decreased by -43.1% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 192% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, liquid air and distilled water imports declined significantly to $X in 2021. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 253%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of liquid air and distilled water imports to Thailand, together comprising 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +40.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid air and distilled water suppliers to Thailand were Germany ($X), the United States ($X) and Japan ($X), with a combined 69% share of total imports. These countries were followed by Taiwan (Chinese), South Korea, the UK, India, Belgium, China and Italy, which together accounted for a further 24%.

South Korea, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, which is down by -6.6% against the previous year. In general, the import price, however, showed notable growth. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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