Report Update Nov 1, 2024

Thailand - O-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: O-Xylene Market 2024

O-Xylene Market Size in Thailand

The Thai o-xylene market shrank to $X in 2022, falling by -14.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

O-Xylene Production in Thailand

In value terms, o-xylene production fell to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

O-Xylene Exports

Exports from Thailand

In 2022, approx. X tons of o-xylene were exported from Thailand; surging by 13% against the previous year's figure. In general, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 when exports increased by 1,447%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, o-xylene exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 903% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), India (X tons) and Pakistan (X tons) were the main destinations of o-xylene exports from Thailand, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for o-xylene exported from Thailand were Indonesia ($X), India ($X) and Pakistan ($X), together accounting for 92% of total exports.

India, with a CAGR of +42.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average o-xylene export price amounted to $X per ton, rising by 49% against the previous year. In general, the export price, however, saw a perceptible reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and India ($X per ton), while the average price for exports to Pakistan ($X per ton) and Indonesia ($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 India (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

O-Xylene Imports

Imports into Thailand

In 2022, purchases abroad of o-xylene decreased by -65.6% to X kg, falling for the fourth year in a row after five years of growth. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2018 with an increase of 2,424%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, o-xylene imports declined sharply to $X in 2022. Overall, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 2,887%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of o-xylene to Thailand, accounting for a 69% share of total imports. Moreover, o-xylene imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and India (-20.1% per year).

In value terms, the largest o-xylene suppliers to Thailand were the United States ($X), Germany ($X) and India ($X), with a combined 99% share of total imports.

Among the main suppliers, the United States, with a CAGR of +60.2%, 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

The average o-xylene import price stood at $X per ton in 2022, rising by 7% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 99%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($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 (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-xylene in the world?

The countries with the highest volumes of in 2021 were the UK, China and Singapore, with a combined 33% share of global consumption. These countries were followed by Germany, Italy, the United States, Russia, Belgium, South Korea, India, Iran, the Netherlands and Indonesia, which together accounted for a further 45%.

What are the largest producers of o-xylene in the world?

The countries with the highest volumes of in 2021 were India, Singapore and the UK, with a combined 45% share of global production.

What are the leading suppliers of o-xylene to Thailand?

In value terms, Taiwan Chinese), Germany and the United States appeared to be the largest o-xylene suppliers to Thailand, with a combined 96% share of total imports.

What are the leading importers of o-xylene from Thailand?

In value terms, Taiwan Chinese), Indonesia and Pakistan were the largest markets for o-xylene exported from Thailand worldwide, with a combined 84% share of total exports.

What is the average export price for o-xylene in Thailand?

In 2021, the average o-xylene export price amounted to $738 per ton, jumping by 40% against the previous year.

What is the average import price for o-xylene in Thailand?

In 2021, the average o-xylene import price amounted to $1,735 per ton, with a decrease of -24% against the previous year.

This report provides an in-depth analysis of the o-xylene market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141243 - o-Xylene

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023