Thailand: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Thailand

In 2022, the Thai aromatic hydrocarbon mixtures market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a abrupt slump. Aromatic hydrocarbon mixtures consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Thailand

In value terms, aromatic hydrocarbon mixtures production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Thailand

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were exported from Thailand; picking up by 1.7% compared with the year before. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Thailand, with a 62% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was taken by Indonesia (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+21.6% per year) and Indonesia (+11.1% per year).

In value terms, Singapore ($X) emerged as the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Thailand, comprising 58% of total exports. The second position in the ranking was held by India ($X), with a 10% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.9% per year) and Malaysia (+19.3% per year).

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, growing by 36% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2021 an increase of 56% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and India ($X per ton), while the average price for exports to Malaysia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.9%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Thailand

In 2022, the amount of naphthalene and other aromatic hydrocarbon mixtures imported into Thailand declined to X tons, waning by -6.2% against the previous year's figure. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when imports increased by 67% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports rose rapidly to $X in 2022. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by 116%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Thailand, accounting for a 84% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Indonesia exceeded the figures recorded by the second-largest supplier, Australia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+0.6% per year) and Singapore (-5.9% per year).

In value terms, Indonesia ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Thailand, comprising 85% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-8.7% per year) and Australia (-2.1% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, jumping by 22% against the previous year. In general, the import price, however, showed a noticeable decline. The growth pace was the most rapid in 2021 when the average import price increased by 52%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Australia ($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 Philippines (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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